Last week, apartment developer Patrick Carroll launched a venture to provide rescue capital to apartment owners across the Sun Belt. The platform plans to invest $250 million in equity to troubled borrowers.
Carroll is not alone. As rising interest rates and a record amount of debt put more real estate owners at risk, a growing number of players are preparing to feast on distressed assets.
Commercial lending giant Greystone said Monday that it had formed a venture with Inlet Real Estate Capital to provide short-term distress financing to struggling