Allegiant enters advisory agreement with FirstKey.
BANKING AND CREDIT NEWS-September 12, 2016-Allegiant enters advisory agreement with FirstKey
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Allegiant Real Estate Capital LP has launched as an independent commercial real estate investment management company capitalized by a new group of investors and its management team, which recently transitioned to Allegiant from FirstKey Lending LLL, the company said.
First Key Lending is an affiliate of Cerberus Capital Management L.P., following FirstKey's exit from the commercial real estate loan origination business. Concurrently, Allegiant has entered into an advisory and consulting agreement with First Key Lending LLC, pertaining to FirstKey's existing USD215 million loan portfolio. In addition, Allegiant has entered into an advisory agreement with a financial services firm to deploy up to USD500 million for investment in and management of commercial real estate debt opportunities.
Allegiant will originate, acquire and asset manage performing, distressed and non-performing first mortgage loans, mezzanine loans, B-notes, preferred equity and CMBS securities.
Allegiant Real Estate Capital LP is a commercial real estate investment management company that originates, acquires and manages first mortgage loans, mezzanine loans, B-notes, preferred equity and CMBS securities.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Sep 12, 2016|
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