Alternatives to Traditional Financing: The Rise of Debt Funds

Because of the regional banking crisis and repricing of office and multifamily properties, regional and even larger banks have largely abandoned the real estate financing market generally and construction specifically. Developers have also seen an erosion in lenders willing to do large-scale residential projects. Debt funds, many of which are backed by global insurance companies, are filling the gap. The panel will discuss the current landscape of development, construction, and repositioning loans—who the players are, the products they are considering, and how they differ from traditional bank lenders.