Samantha Rowan
The question of where values sit is hanging over the market, made harder to answer by a lack of trades.
Red Oak Capital, Pensam and Tower Capital are among the managers rolling out or expanding customisable programmes.
Industry participants are now feeling the impact of the banks’ overexposure to the asset class on the ability to get deals priced.
T30 Capital and Blueprint Capital Advisors want to expand their current pipeline of loans from $750m to $2.5bn.
Major closings in the first quarter included a roughly $2bn offering from Madison Realty Capital and an undisclosed fund from Silverstein Properties, Silverstein Capital Partners Fund.
The firm expects to close one or two more deals before year end.
The New York-based real estate private equity fund manager has had an active fourth quarter, completing more than $1.2bn of loans across 31 deals.
The firm's model is to bring borrowers directly to lenders for a flat fee.
US manager Blackstone now invests more than $150bn on behalf of insurance companies.
The retail-focused REIT was drowning in more than $3.5bn of debt prior to its June bankruptcy filing.