Churchill Real Estate Sells Stake to Japanese Bank to Grow in US (2)

Churchill Real Estate, a residential-property lender that manages about $7.4 billion of assets, is selling a minority stake to Mitsubishi UFJ Trust and Banking Corp., as stress in US real estate markets creates opportunity for private credit.

The strategic investment is intended to help Churchill extend more credit to other real estate lenders and expand the types of loans it makes directly to residential landlords, Churchill Managing Partner Sorabh Maheshwari said in an interview. Mitsubishi had previously invested in specific segments of Churchill’s business. Terms weren’t disclosed.

“We want to offer all credit products related to residential real estate,” Maheshwari said. “There’s been consolidation, ...