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The Distressed Debt Space Has Plenty of Interest, but the Dam Hasn’t Opened, Yet

By May 4, 2020 December 30th, 2020 No Comments

New York-based private equity real estate investor SomeraRoad Inc., led by founder and principal Ian Ross, is an active buyer, having launched a commercial mortgage-backed securities (CMBS) and collateralized loan obligation (CLO) platform with a fresh bucket of capital on deck for distressed opportunities. It recently hired Amit Patel, a structured finance and CMBS veteran from Bayview Asset Management to help lead the push and head up the firm’s CMBS trading practices.