Randy Plavajka
Private credit lenders and other alternative sources of capital are already stepping in to work with national and regional US banks to restructure loans.
Two-loan package for GCP will fund acquisitions in high-demand Inland Empire market.
Bank sale mirrors similar moves by Capital One and Pacific Western Bank to add liquidity amid market stress.
Agency outlined parameters for prospective buyers across 14 pools of $33.2bn loan book.
The firm is launching the deal at a time when segments of the retail sector are showing signs of resilience.
Private credit manager picks up substantial exposure to New York City offices in the deal.
US bank lenders will face stricter capital requirements with proposed regulatory changes.
Bank capital requirement changes and shrinking balance sheets are opening doors in multifamily, industrial and construction.
Former PacWest division will focus on non-recourse bridge and construction financing following move.
The strategy arrives as the firm sees more industrial, construction and multifamily opportunities.