SAN DIEGO—There is a vital need for capital right now in the commercial real estate industry; specifically by firms that might have gotten overlevered during the era of cheap money and now have a looming refi to handle. Some of these deals may be hairy but still have great potential in the long run.
Enter the latest generation of alternative lenders and debt funds, which are more flexible and unconstrained in terms of the structure of the loans, according to panelists during a session at the recent Mortgage Bankers Association CREF 2023 conference and expo here in San Diego.
"The lines are blurred … and all non-bank lending has a foot in the debt fund business," explained panelist Drew Fung, managing director and fund portfolio manager of debt at Clarion Partners.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
