News
Carlyle's Latest Real Estate Move
October 9, 2013
Yesterday, Canopy Investment Advisors' Meg Blakey (co-founder with Jackie Brady) visited our 46th Street office and told us her firm is partnering with Carlyle for its first venture to originate new commercial real estate debt. The group will do $5M to $15M bridge loans on smaller properties. The conduit market has recovered substantially, she says, and large loans ($25M-plus) are covered, but the under-$20M space is underserved, she explains. The JV will go after income-producing but not-yet-stabilized properties (no construction loans, though) with two- to five-year terms.
