Samantha Rowan
The Florida-based private equity manager is looking to pick up market share left in bank lenders' absence.
Dallas manager finding better debt opportunities compared to equity deals at present.
The manager is the latest to target accredited investors via a credit-focused strategy.
The firm is seeking to line up patient individual and institutional capital to target small balance loans on transitional assets.
-80x80.jpg "Cain strikes deal to acquire $1.2bn New York-area loan portfolio from PacWest")
The sale comes after PacWest sold another substantial portfolio to Kennedy Wilson earlier this month.
Debt funds and alternative lenders step into the space left by banks, Real Estate Capital USA data shows.
National and regional banks are expected to reduce commercial real estate lending, which opens the door for the private markets.
Higher interest rates could also stall efforts to refinance maturing debt.
The question of where values sit is hanging over the market, made harder to answer by a lack of trades.
Red Oak Capital, Pensam and Tower Capital are among the managers rolling out or expanding customisable programmes.