Castle Lanterra (CL) has recently introduced CL Credit Opportunities, a debt platform that specializes in mezzanine and preferred equity investments. The platform aims to invest $500 million in equity within the next year and has appointed industry veteran James Glasgow as its Chief Investment Officer (CIO).
Glasgow, known for his extensive knowledge of investment, capital markets, and real estate, will lead the team responsible for investing across various asset classes. This includes targeting special situation opportunities such as distressed debt, high-yield debt, and tailored financing solutions.
According to Elie Rieder – CEO and Founder of CL – current market conditions have led to stricter lending criteria and rising interest rates resulting in a liquidity crisis for owners, developers,and investors. In light of this situation,Castle Lanterra sees an opportunity to utilize their expertise in mezzanine debtand equity investments while also offering customized financing options.
The launch of Castle Lanterra’s new credit opportunities program with a significant commitmentof $500 million is expectedto bring valuable benefitsfor investors seeking alternative sourcesof funding.The post on Connect CRE highlights this development by Castle Lanterra without mentioning any specific locations or platforms.
