Dean Dulchinos, Head of Real Estate Credit, recently spoke with FundFire about how real estate managers are seeing an opportunity as banks pull back from the lending space – creating a golden age of private credit for commercial real estate debt.
Highlights from Dean:
- Larger banks prefer to lend their money to portfolios of mortgages rather than individual owners, moving away from a “competitor position and into a more symbiotic position,” and creating opportunities for managers to partner with them, said Dean Dulchinos.
- “[But] it’s harder for [regional banks],” he said. “There are some structural changes taking place in the marketplace that will give us a real competitive advantage for years to come.”