Mavik Capital raising real estate fund as regional banks retreat
Briefly

The firm aims to achieve an internal rate of return of 15% to 25% with the new fund, called Mavik Real Estate Special Opportunities VS2...
Regional banks retreat amid tougher regulatory requirements and higher interest rates, pushing borrowers to seek refinancing from private credit lenders...
Bond investors have punished banks with heavy exposure to commercial real estate, potentially affecting lenders' profits...
Investors in troubled assets are eyeing opportunities in distressed commercial property loans, with firms like KDM Financial looking to raise significant capital...
Read at SFGATE
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