Samantha Rowan

Bank regulatory requirements and borrower tax implications are preventing resolution for stressed loans.

Alternative lenders and the commercial mortgage-backed securities market could help plug the gap, per a report released this week.

The New York-based investment manager earlier this year completed two significant acquisitions, said Marc Zahr, co-president and head of real estate.  

The New York-based private credit manager believes the long-term destruction of value will present lending and recapitalisation opportunities.

Commercial real estate lenders are being guided by a principle that is more fraught than a fear of missing out – they are afraid of making a mistake.

Amit Rustgi, who joins from PIMCO, will focus on credit opportunities across sectors.

West Street Real Estate Credit Partners IV will have more than $7bn of lending capacity.

The Paris-based bank is seeking to increase financing options for alternative lenders.

The long cycle has caused a dearth of workout specialists as lenders and borrowers seek to modify loans.

The commercial real estate market, which has been in a value correction cycle for the past two years due to higher interest rates and cap rates, will see this correction continue until interest rates settle.