From WSJ: Jefferies Group Inc. and the Government of Singapore Investment Corp. have formed a joint venture with Mark Finerman’s LoanCore LLC with $600 million in equity to originate commercial real estate debt.
A number of investors have been raising funds to address a shortage of capital in the commercial real-estate sector, as lending standards remain tight and the market for securitized loans–once a significant source of debt for investors in malls and office towers–has only begun to recover after grinding to a halt amid the credit crisis………………………………………..Full Article: Source