Castle Lanterra (CL) has launched CL Credit Opportunities, a debt platform focusing on mezzanine and preferred equity. With a plan to deploy $500 million in equity within a year, the platform welcomes industry veteran James Glasgow as CIO.
Glasgow, renowned for his expertise in investment, capital markets, and real estate, will spearhead investments, capital markets, and portfolio management, overseeing all new investments across asset classes. The team of five, led by Glasgow, will target special situation opportunities, including distressed debt, high-yield debt, and tailored financing solutions.
“Given current market dynamics, more selective lending criteria and climbing interest rates, we are seeing a liquidity crisis affecting owners, developers and investors,” said Elie Rieder, CEO and Founder of CL. “We believe that we have a tremendous opportunity to provide our expertise in the mezzanine debt and equity space, as well as the ability to create customized financing programs for investors.”