In its first outing as a B-piece buyer, Silverpeak Argentic is taking an unusual step apparently aimed at demonstrating its commitment to the sector [...]
The deal marks the firm’s first B-piece purchase, the source said. The conduit is also structured with a vertical risk-retention class which will [...]
Until now primarily a conduit lender, Silverpeak expanding its product line to include balance-sheet loans and investments in risk-retention bonds and B-pieces [...]
The 10-year loan, which features a fixed rate, was provided by Silverpeak Real Estate Finance. Loan proceeds will be used to refinance existing debt. The portfolio includes [...]
“There is a wide range of new non-bank lenders, but three or four shops are pulling away from the pack,” Tiesi says. “We have an ability to deal with risks in a smart way. [...]
“Meridian worked closely with the talented team at Silverpeak on a creative structure that allows the sponsor to maintain sufficient ongoing cash flow while building up a reserve for tenant improvements and leasing commissions,” he added. “Another highlight of this deal [...]
Another significant new player backed by proven talent is the CMBS arm of Silverpeak Real Estate Partners. In December 2013, the firm launched its commercial lending business, called Silverpeak Real Estate Finance, with commitment from hedge fund manager Paul Singer’s Elliott Management Corporation. [...]
