Over the past year, the rise of debt funds has been a significant commercial real estate finance trend. At Berkadia, they've following entries into this market through their own debt fund tracker.
As of early May, Berkadia recorded close to 130 different debt funds, according to Hilary Provinse, executive vice president and head of mortgage banking at the company.
"Those are either private equity, debt fund vehicles or some operators who have raised funds where they're investing either preferred equity or debt into different parts of the stack," Provinse says. "So there's just a ton of liquidity on the debt funds."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
