AB CarVal Eyes $50 Billion Opportunity in High-Risk Property Lending
- Alternative money manager steps up financing to real estate
- Offers mezzanine financing to developers in the US and Europe
This article is for subscribers only.
A Wall Street alternative money manager is ramping up lending in an area of real estate that’s considered too risky even by some private credit players.
As traditional banks de-risk their books under regulatory pressures and cut back on lending, AB CarVal Investors LP is seeing an opportunity in the residential sector, including the residential development sector that’s been starved of funds.