Samantha Rowan
The platform initially enjoyed a boost from being active at a time when overall lending was down.
A return to work could lead to a new lease of life for these properties, which have been falling out of favour with lenders.
The firm wants to boost originations to about $1bn quarterly.
US manager Blackstone now invests more than $150bn on behalf of insurance companies.
The global alternatives managers has invested $1.7bn over the past 18 months, half of which is in Europe.
The property business of the German insurance giant closed a $234m loan in the US healthcare property sector in August.
The covid crisis has tempered issuance this year. But lenders are hopeful the market will revive as the US emerges from social restrictions imposed due to the pandemic.
The Los Angeles-based bridge lender will now also target first mortgages and mezzanine debt.
Debt providers including Hudson Realty Capital, ACRES Capital, Archway Capital and M360 Advisors have expanded, or are looking at ways to grow, their product offerings.
The firm has closed multifamily credit funds totalling more than $3.3bn this year.