Alternative Lenders

A survey shows banks are more selective on origination, as fears grow that inflation will push up interest rates.

The Spanish manager has raised 70% of targeted capital for the vehicle, which includes real estate lending in its remit.

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

Analysis by CREFi, a real estate debt data platform, attributes the growth to the expansion of non-bank lenders.

More insurance company investors are moving toward allocations and partnerships with US and European real estate private credit managers as their income needs grow.

Attendees at June’s PERE Credit 100 launch breakfast briefing heard the need for income is driving capital to real estate credit.

Repeat borrower Metro Development Group will use the financing to recapitalize a portfolio of 10 residential communities.

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.