Somera Road

The debt space is distressed.
Finance  ·  Coronavirus
New York City

The Distressed Debt Space Has Plenty of Interest, but the Dam Hasn’t Opened, Yet

By Mack Burke and Cathy Cunningham
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A lawsuit has been filed against TPG Real Estate Finance Trust, a mortgage REIT affiliated with major investment manager TPG, alleging that it stopped making loan advances to one of its borrowers due its liquidity issues as a result of the economic impacts of COVID-19.
Finance  ·  Industry
New York City

Lawsuit Claims TPG REIT Stopped Funding Loan Last Month Due to Liquidity Issues

By Mack Burke
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Recording offices closing or modifying their hours has created hurdles for lenders trying to access, record and file necessary construction loan documents. With this, issues have surfaced in some areas, where lenders are having trouble securing lien priority as well as subsequent title insurance commitments.
Finance  ·  Construction
New York City

Recording Office Closures Could Stymie Construction Loans, Disrupt Title Commitments

By Mack Burke and Cathy Cunningham
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An empty parking lot at the Enfield Square Mall in Enfield, Conn.
Features  ·  Industry
National

Sub-Divide and Conquer: Going Halfsies to Unlock Value in Distressed Retail

By Mack Burke
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Thorofare Capital founder and CEO Kevin Miller.
Finance  ·  Players
National

Thorofare Capital CEO Kevin Miller Banks on Bank-like Discipline

By Mack Burke
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Aerial view of downtown Washington D.C.
Finance  ·  Acquisition
Washington DC

Somera Road Nabs $152M for DC-Area Distressed Office Complex Acquisition

By Mack Burke
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Somera Road founder and principal, Ian Ross.
Finance  ·  Sales
National

The Natural: Ian Ross’ Somera Road Is Buying Your Distressed Real Estate

By Mack Burke
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City Center Square, now known as the Lightwell Building, located in downtown Kansas City, Mo.
Finance  ·  Acquisition
Missouri

TPG Lends $60M for Downtown Kansas City Office Tower Acquisition

By Mack Burke
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