Debt

As an alternative to traditional fixed income*, our team focuses on identifying commercial real estate-backed debt opportunities that are not typically available to retail investors. Our real estate debt strategy focuses on investments in real estate debt securities, backed by hard assets.

$0M

Gross AUM

$0M

Net AUM

0

Years Average Experience

0+

Years Track Record
*Any investment which has a contractual obligation to make principal and interest payments to bondholders.

Capabilities

Access + Expertise
in Real Estate Debt

We focus on identifying real estate-backed debt investment opportunities up and down the capital stack and throughout market cycles as an alternative to traditional fixed-income.
  • Institutional CMBS
    Offering access to institutional commercial mortgage-backed securities that are typically only available to institutions – not retail investors.
  • Private Real Estate Debt
    Offering access to private, non-bank loan investments that are not available via publicly traded markets.

Commercial real estate debt instruments that are secured by commercial property are subject to risks of delinquency and foreclosure and risks of loss that are greater than similar risks associated with loans made on the security of single-family residential properties. This strategy expects to invest a portion of assets in pools or tranches of commercial mortgage-backed securities (CMBS)*. In a rising interest rate environment, the value of CMBS may be adversely affected when payments on underlying mortgages do not occur as anticipated, resulting in the extension of the security’s effective maturity and the related increase in interest rate sensitivity of a longer-term instrument. Subordinate CMBS are also subject to greater credit risk than those CMBS that are more highly rated. Mortgage loans on commercial properties generally lack standardized terms, which may complicate their structure and increase due diligence costs. Commercial mortgage loans also tend to have shorter maturities than single-family residential mortgage loans and are generally not fully amortizing, which means that they have a significant principal balance or “balloon” payment due on maturity.

 

* A security backed by commercial and multifamily mortgages rather than residential real estate.

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