Shihao Feng

A growing number of commercial real estate managers have launched or expanded their lending platforms over the past three to six months.

Jonathan Pollack, who will officially come on board at Starwood in 2025, will join the firm at a time when alternative lenders are expected to be able to significantly increase their market share.

A combination of a shortage of supply, strong sector fundamentals and lower leverage can create tailwinds for private lenders.

The issuers are responding to more borrowers seeking shorter-term loans in today’s interest rate environment.