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Alternative Assets  + Real Estate  | 
Axar Capital, Morning Calm Launch Real Estate Lending Platform

Axar Capital, Morning Calm Launch Real Estate Lending Platform

Axar Capital Management, an investment firm focused on the corporate middle market, and Morning Calm Management, a real estate management firm focused on special situation investing, have launched Morning Axe Management (MAM), a real estate lending platform formed to offer capital services by originating senior loans and mezzanine loans in commercial real estate.

The MAM platform launches with approximately $250 million of capital through a separately managed account and will invest and manage capital on behalf of life companies and other institutional investors. Target property sectors include industrial, multifamily, retail, self-storage and office, among others. MAM has also engaged Raymond James to support additional institutional fundraising.

MAM will set up headquarter operations in Des Moines, IA with future origination teams across the country.

“The convergence of rising rates and the decreased availability of real estate credit has created an opportunity for MAM to be a solution to borrowers looking to acquire properties or refinance existing loans. As liquidity remains scarce in the real estate capital markets, we will be well-positioned to be a preferred partner to leading sponsors,” said T.J. Heither, Head of National Originations.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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