{"id":1004720979,"date":"2024-07-12T04:13:32","date_gmt":"2024-07-12T12:13:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004720979"},"modified":"2024-07-12T06:14:47","modified_gmt":"2024-07-12T14:14:47","slug":"tishman-speyer-launches-debt-platform","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-launches-debt-platform\/","title":{"rendered":"Tishman Speyer Debuts Debt Platform"},"content":{"rendered":"\n<p>Tishman Speyer has formed a platform to originate commercial real estate loans tied to institutional-quality U.S. residential, industrial, life science, office and other mixed-use projects and portfolios in the country&#8217;s largest metros.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"796\" height=\"610\" data-attachment-id=\"1004720996\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/tishman-speyer-launches-debt-platform\/amit-rustgi-tishman-speyer\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Amit-Rustgi-Tishman-Speyer.jpg\" data-orig-size=\"796,610\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Amit-Rustgi-Tishman-Speyer\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;In his newly created role of managing director of Credit Strategies, Amit Rustgi will drive Tishman Speyer\u2019s participation in high-yield debt secured by institutional real estate. Image courtesy of Tishman Speyer&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Amit-Rustgi-Tishman-Speyer.jpg?w=796\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Amit-Rustgi-Tishman-Speyer.jpg\" alt=\"Amit Rustgi will drive Tishman Speyer\u2019s participation in high-yield debt secured by institutional real estate\" class=\"wp-image-1004720996\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Amit-Rustgi-Tishman-Speyer.jpg 796w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Amit-Rustgi-Tishman-Speyer.jpg?resize=300,230 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Amit-Rustgi-Tishman-Speyer.jpg?resize=768,589 768w\" sizes=\"auto, (max-width: 796px) 100vw, 796px\" \/><figcaption class=\"wp-element-caption\">In his newly created role of managing director of Credit Strategies, Amit Rustgi will drive Tishman Speyer\u2019s participation in high-yield debt secured by institutional real estate. <em>Image courtesy of Tishman Speyer<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The scope of the diversified real estate giant&#8217;s debt-related activities will be expansive, with the platform designed to source, underwrite, acquire and manage a wide range of debt investments, including\u2014but not limited to, the company says\u2014whole loans, subordinate and mezzanine debt, preferred equity, construction loans and purchases of legacy loans or loan portfolios.<\/p>\n\n\n\n<p>The platform will target qualified sponsors operating in industry sectors and geographic locations where Tishman Speyer has already developed an expertise. The company has closed more than $29 billion in financings across more than 130 transactions since 2011 and has more than 100 actively managed lender relationships.<\/p>\n\n\n\n<p>According to a statement by Tishman Speyer CEO Rob Speyer, now is the right moment for nontraditional lenders to make money in the current real estate environment. The company declined to provide more detail about the platform, in response to a CPE query.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/regional-banks-retreat-as-cre-loans-mature\/\">Regional Banks Retreat as CRE Loans Mature<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Tishman Speyer is hardly along among major real estate companies expanding their presence in lending. About two years ago, RXR and Hudson Realty Capital <a href=\"https:\/\/www.commercialsearch.com\/news\/rxr-hudson-realty-capital-launch-joint-lending-operation\/\">launched a $2 billion lending platform<\/a>. More recently, SL Green Realty and Peebles Corp. each ramped up their presence in debt finance through a number of new vehicles.<\/p>\n\n\n\n<p>Tishman Speyer has tapped Amit Rustgi to head the new platform. Mostly recently, he was a vice president and portfolio manager focused on investments at Pimco, a global fixed income investment manager. Based in New York City, Rustgi reports to Tishman Speyer Global Head of Debt Randall Rothschild.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-new-crop-of-lenders\">A new crop of lenders<\/h2>\n\n\n\n<p>CRE mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47 percent decrease from the $816 billion in 2022, according to the Mortgage Bankers Association, a response to the escalation of interest rates and the problematic state of the office market. The 2023 figure also represents a 52 percent decrease from the record $891 billion in 2021.<\/p>\n\n\n\n<p>Speaking late last year, CBRE U.S. President, Debt &amp; Structured Finance James Millon touched on the motivation to create new lending vehicles in the current high-rate, stressed times for commercial real estate. Most lenders are quite cautious, he said.<\/p>\n\n\n\n<p>\u201cThere are some more opportunistic lenders out there\u2014call them equity investors\u2014who are looking at this as a moment in time to effectuate some pretty terrific returns,\u201d Millon said. \u201cSo we&#8217;re seeing a lot of liquidity come off the sidelines from non-traditional sources.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amit Rustgi will drive the company\u2019s participation in high-yield loans secured by institutional real estate.<\/p>\n","protected":false},"author":1023,"featured_media":1004720996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,21748,21752,23891,21742,21747],"tags":[34040,33224],"class_list":["post-1004720979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-industrial","category-mixed-use","category-national","category-latest","category-office","tag-mortgage-bankers-association","tag-tishman-speyer"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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