“We look forward to continuing to build long-term relationships by providing capital to borrowers, co-lenders and other market participants, while meeting the strong and growing global appetite from institutions for access to sound debt investments with attractive risk-adjusted returns,” he said.

The senior management team of the US debt platform, managed from the firm’s New York office, includes Steve Alpart and Steve Plust, both managing directors and long-time colleagues of Taylor.

“We will target debt investments secured by institutional quality income producing properties throughout the U.S., owned by experienced real estate investors,” Plust says. “The fund will provide fresh capital for new originations as well as make secondary market purchases of performing, sub-performing and non-performing loans.”

PREI will offer mezzanine finance, debt-like preferred equity and first mortgages in areas not being filled by banks and other senior commercial mortgage lenders.

Alpart adds this: “Typically our investments will range in size from $10 million to $65 million but can be significantly larger. Having had experience in these markets for many years in many cycles, we can offer timely, flexible and creative financing solutions for borrowers as they refinance, recapitalize and acquire properties. Because we are not a ‘loan-to-own’ shop, we work particularly well with borrowers and senior lenders in constructing capital solutions.”

PREI offers a broad range of investment vehicles that invest in private and public market opportunities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Madison, NJ, PREI has other offices in Atlanta, Chicago, Miami, New York, San Francisco, London, Lisbon, Luxembourg, Madrid, Munich, Paris, Istanbul, Abu Dhabi, Mexico City, Rio de Janeiro, Sao Paulo, Beijing, Hong Kong, Seoul, Singapore, and Tokyo. In addition, PREI has representatives in Milan.