Capital Markets

The Los Angeles-based manager filed documentation with the SEC for Mesa West Real Estate Income Fund VI.

FBRT will also finance an approximately $500m pool of assets with a money center bank as part of the deal.

The Federal Reserve’s move to cut rates by 25 basis points will alleviate some of the stress on sponsors but will not cure all ills, fund managers tell PERE Credit.

The loan supplements $415m in Freddie Mac financing for sponsor Sunroad Enterprises.

The floating-rate loan will allow the sponsor to complete lease up.

The financing comes amid a surge in lending activity for loans of more than $100m.

Robust corporate bond issuance since the start of September is having a positive knock-on effect for commercial real estate lending.

The $495m financing package includes joint venture equity.

The New York-based managers are looking at opportunities ranging from $15m-$100m.