Search
 

GoldenTree, GTIS Launch RE Debt JV

The new platform will focus on both development and bridge loans ranging from $20 million to $200 million.

By Paul Bubny | paulbubny | Updated on July 05, 2017

Photo of Steve Tananbaum The JV will allow GoldenTree to further capitalize on opportunities in real estate debt, says Tananbaum.

NEW YORK CITY—GoldenTree Asset Management and GTIS Partners said Wednesday they had formed a joint venture focused on real estate debt. GTIS Debt Capital Management will provide customized solutions for both development and bridge debt, with loans generally ranging from $20 million to $200 million. Property types run the gamut from multifamily to single-family, with office, retail, hotel, industrial and mixed use also in the mix.

Leading GTIS Debt Capital Management will be David Blum, who recently joined GTIS as managing director and portfolio manager of real estate credit.  Blum joined GTIS from Lone Star Fubnds, where was co-head of LStar Capital, its credit affiliate, and before that spent 11 years with Capmark Finance.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.