Mack Real Estate Credit Strategies (MRECS), the real estate lending business affiliated with Mack Real Estate Group, has announced a new focus on borrowers seeking senior debt solutions. The firm plans to originate low-leverage first mortgage loans and A-notes for other alternative lenders on an unlevered basis for commercial real estate projects across the US.
“Current market dynamics present an attractive opportunity set for flexible, creative, well-capitalized and fast-moving lenders looking to refinance, acquire or develop projects,” said Kevin Cullinan – co-head of credit strategies and head of originations at MRECS. To mark this new business focus, MRECS recently provided a $52.5 million pre-development loan for a mixed use project in Miami.
Since 2015 MRECS has co originated more than $20bn worth of commercial real estate loans across investment strategies worldwide..
