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New York & Tri-State  + New Jersey  + Finance  |  April 25, 2023
The CBRE Lending Momentum Index declined in the fourth quarter of 2022 due to heightened market volatility amid higher interest rates
Emily Fu
By: Emily Fu

Mack Real Estate Credit Strategies Launches Unlevered Loan Program

Mack Real Estate Credit Strategies (MRECS), the real estate lending business affiliated with Mack Real Estate Group, has announced that it will focus on borrowers seeking senior debt solutions, planning 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.  

“We think that current market dynamics create an attractive opportunity set for flexible, creative, well-capitalized and fast-moving lenders across refinancings, acquisitions and new development projects,” said Kevin Cullinan, the firm’s co-head of credit strategies and head of originations. In connection with this new business focus, MRECS recently provided a $52.5 million pre-development loan for a mixed-use project in Miami 

MRECS has co-originated more than $20 billion of commercial real estate loans across investment strategies since 2015.  

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Inside The Story

Kevin Cullinan

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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