Multifamily Specialist CARROLL Launches First Credit Vehicle
Real Estate Capital USA’s article features CEO Patrick Carroll discussing Carroll Credit and other investment opportunities
CARROLL, an Atlanta-based investment management company that focuses on the multifamily sector, last month rolled out its first credit strategy.
The firm is responding to the current dislocation in the capital markets, which has created a unique opportunity set to provide preferred equity in multifamily transactions of $40 million or above, says Patrick Carroll, founder and CEO.
“We are in a situation in which lending and the majority of equity investing has ground to a halt,” Carroll says. “The market does not know where interested rates are going and this has caused a lot of issues with valuations, which means any deals getting done are being completed at lower loan-to-value ratios.”