Multifamily

The private real estate investment firm is in talks with investors for a new private credit fund that it would look to launch as soon as the end of the year.

To buy them, some lenders have been borrowing money from banks and other third parties using what are known as warehouse lines, a type of revolving credit facility.

Smaller banks are particularly vulnerable after they increased their CRE lending during the pandemic, boosting their market share, and leaving themselves vulnerable to high interest rates.