Private Credit Preps for Real Estate Push: Structured Weekly

Shadow lending firms are preparing to push into commercial property financing as regional banks — wounded from the blowup of Silicon Valley Bank — beat a retreat.

Among the possible entry points are office properties, especially if values continue falling and banks look to offload the loans. With few buyers willing to wade into those murky waters, lenders with the capital and knowhow may find bargains.

Banks will need to set aside more capital as office values fall, which means they may look to sell them, said Michael Nierenberg, chief executive officer of Rithm Capital Corp., a ...