A real estate debt fund pools investor capital to make loans secured by real estate, rather than to own property as equity.
Log in to followThe open-end debt aggregate was up 5.5 percent year to date gross of fees through Q3 2025, against 4 percent for the equity index. Every closed-end bridge fund deck on my desk cit…
A lender who works the next county over offered me a piece of a note at 11 percent on a 1950s three bedroom in a town of about 4,000. First lien, roughly 60 percent of a value I c…
I asked two managers for documents last month and the structures came back completely different, and I can't decide which one is actually safer for a first check. The first is ope…
I've got two open-end debt funds in front of me. Both residential and light commercial bridge, both quoting around 9 percent net, both open quarterly. And I've had to admit to mys…
I've had four funds' materials open since August and I keep arriving at the same argument with myself. One camp says the tape decides everything. Vintage of origination, weighted…
Two funds I've been reading take opposite positions on the same page of their material and both call it risk management. The first has around 140 loans across eleven states and sa…