Multifamily Bridge Loans, CRE CLOs and Pancake REMICs
Description
What’s driving the robust and very competitive transitional multifamily real estate market? In this episode of 4 Real, hosts Jon Gaynor and Matt Armstrong highlight changes and emerging opportunities in this market with Russell Avery, Managing Director at Limekiln Real Estate Investment Management and Head of Capital Markets for their MF1 joint venture with Berkshire. The conversation explores the surge in construction-takeout and bridge-to-bridge loans, competitive dynamics between bank warehouses and CRE CLOs, as well as capital market trends like spread compression, term-out facilities at the end of a CLO life and repo financing. Plus, Dechert tax partner Will Cejudo breaks down Pancake REMICs, an innovative tax structuring tool poised to reshape deal execution across CRE finance.
Show Notes
- Dechert Develops REMIC Structure for Longer Investment Periods (“Pancake REMIC"), Dechert OnPoint (September 15, 2025)
United States
