Samantha Rowan
Negative sentiment and macroeconomic and geopolitical concerns continue to hold back the market, panelists said at PERE America.
Blend and extend is the latest iteration of the 'extend and pretend' strategy frequently seen in the wake of the Global Financial Crisis.
Lotus, a New York-based advisory, arranged the loan on behalf of Monroe Capital and Witkoff Group.
The advisory also tracked a substantial number of office buildings where the debt is higher than current valuations. Â
Berkadia's Foschini dives into why the structure is drawing more attention from sponsors today.Â
The Florida-based private equity manager is looking to pick up market share left in bank lenders' absence.Â
Dallas manager finding better debt opportunities compared to equity deals at present.Â
The manager is the latest to target accredited investors via a credit-focused strategy.
The firm is seeking to line up patient individual and institutional capital to target small balance loans on transitional assets.
-80x80.jpg "Cain strikes deal to acquire $1.2bn New York-area loan portfolio from PacWest")
The sale comes after PacWest sold another substantial portfolio to Kennedy Wilson earlier this month.Â
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