Debt funds are gathering cash to invest in commercial and multifamily properties, offering mortgages that range from mezzanine loans to senior financing to assets in transition.
“They have many arrows in their quiver,” says David Cardwell, of the National Multi Housing Council (NMHC).
Debt funds have benefited from the flood of money pouring into real estate. In 2013, 21 real estate debt funds reached a final close, raising a total of $10.7 billion
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