Sep
12
Industry Veteran Reiff Heads New Lending Venture
ByThe former FirstKey Lending CEO will be heading Allegiant Real Estate Capital, a new specialty lending operation.
by Paul Fiorilla, Associate Director of Research, Yardi Matrix
Las Vegas—Veteran commercial mortgage executive Randy Reiff is heading a new specialty lending operation that aims to originate and buy a wide variety of debt products.
The new venture, Allegiant Real Estate Capital, will start out originating large loans on transitional properties, but plans to eventually branch out into a variety of senior and junior fixed- and floating-rate loans, CMBS, distressed debt and preferred equity. Market share of unregulated specialty lenders is expected to rise in upcoming years as commercial banks face increased scrutiny with stress tests and higher capital charges for their commercial mortgage portfolios…
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