Senior Debt

The region’s institutional equity markets are reasonably transparent. The private debt markets must follow suit.

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

Alongside Apache Capital, the US manager has secured capital for a Cambridge scheme.

The managers will be using a blend of senior debt and C-PACE capital to revitalize Reef Capital Partners’ 32-acre Coco Palms Resort in Kuaui.

The New York-based lender originated its first office-to-residential conversion financing alongside a mixed-use condominium and hotel development deal.

The revitalization of dated hospitality assets has found renewed life and capital from debt fund managers.

The New York-based manager has tracked nearly $1.03bn in originations over the past two weeks across hotel, multifamily and office-to-residential deals.

The Klirmark Capital-partnered platform will focus on US construction and bridge loans across the multifamily and for-sale residential sectors.