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CNBC: How Private Equity Fills the Lending Gap for Commercial Real Estate
Greg Friedman, CEO of Peachtree Group, joins CNBC’s ‘The Exchange’ to discuss how the lending slowdown is creating opportunity for private credit.
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“It’s a very narrow bandwidth of who these regional banks, community banks and national banks want to lend to right now. So, if private credit didn’t exist, I think we’d be in a much more challenging environment for commercial real estate,” said Greg Friedman, managing principal and CEO of nonbank lender Peachtree Group. “We’ve seen a pickup of more opportunities coming our way where banks are unwilling to finance projects, and the regional banks in particular are really pushing borrowers to pay them off, and that’s forcing the borrower to seek other sources of capital.”
Interested in how private credit is stepping up amid market volatility and shifting CRE dynamics?
Read the full article here to see our CEO’s take on the evolving lending landscape and what it means for the future of real estate finance.
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Peachtree CEO Talks CRE Turning to Private Credit
Greg Friedman, Peachtree CEO, joins ‘The Exchange’ to discuss a rising trend in commercial real estate private credit loans, and how private creditors can benefit from the pullback in direct bank lending to commercial real estate.
Greg Friedman, Peachtree CEO, joins ‘The Exchange’ to discuss a rising trend in commercial real estate private credit loans, and how private creditors can benefit from the pullback in direct bank lending to commercial real estate.