Debt

The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.

The Boca Raton-based manager has hired Ian Russell from Singerman Real Estate as part of the initiative.

Willy Walker, chairman and chief executive of Bethesda-based Walker & Dunlop, sees signs of a market recovery.

The New York-based private credit manager believes the long-term destruction of value will present lending and recapitalization opportunities.

Higher interest rates and construction costs are making development more expensive, according to Coraly Rodriguez, partner.

The firm has consistently been seeing $1bn-$2bn of new loans coming through every month.

A group of lenders including Wells Fargo Bank, Bank of America and Deutsche Bank is providing a $620m acquisition commercial mortgage-backed securities loan.

The hire is part of a global push to expand its commercial real estate credit platform.