Capital Formation

Alternative lenders striking bank partnerships to restructure, acquire maturing loans

As banks seek to address commercial real estate exposure, alternative lenders are stepping in to acquire or help restructure loans.

Monroe Capital doubles down on Second Avenue stake

The Chicago manager is looking to expand its single-family rental portfolio with a second $250m investment in the specialist platform.

Apollo launches European real estate debt fund

New vehicle is the firm’s first commingled fund for its global commercial real estate credit business.

Treasury volatility, valuation uncertainty complicate exit cap rate calculations

The yield on the 10-year Treasury topped out at 5 percent in October before falling to less than 3.8 percent at the end of 2023.

Northcap Partners increases debt fund target to $1bn

Florida-based manager looks to elevate $750 million fund to capitalize on private lending opportunities.

Hodes Weill’s Hodes: 10% fund reserves are now ‘insufficient’

Most assets need an additional 15-20% in reserves to address refinancing issues, according to the advisory firm’s co-founder.

Federal Reserve commentary seen as stage-setter for 2024

The meeting comes as transaction activity has started to tick up after a slow 2023.

Penner, Carpenter prepare to launch office-focused financing company

Reven Office REIT will originate first mortgages, mezzanine debt and preferred equity investments.

Trez Capital poised to expand lending platform

The Vancouver-based real estate investment management company this month named John Creswell to head capital raising as it seeks to expand its lending and investment base.

Invesco signals rising appetite following Faropoint stake acquisition

Dallas manager and New Jersey industrial specialist look to scale investment products, institutional investor base and technology through transaction.