Justin Slaughter
The purchase will double Cornerstone’s $5bn multifamily real estate loan portfolio.
The US firm is raising its fourth such vehicle, with its principal and co-founder calling the peak of the New York real estate cycle.
Maturing online platforms are beginning to prove themselves in the debt markets as the SEC lets them tap investors that were formerly off-limits.
The vehicle, which originates commercial mortgage and mezzanine loans, surpassed its target of $600m