Philadelphia Business Journal Speaks to P.J. Yeatman on Corten’s New Senior Credit Platform

Ryan Mulligan of the Philadelphia Business Journal spoke with P.J. Yeatman, Managing Partner and a Founder of Corten Real Estate Management, on the launch of Corten’s new senior credit program. The program focuses on originating primarily first-lien mortgages and, on a selective basis, senior secured mezzanine loans for multifamily, hospitality, office and office-to-residential conversions across the United States.
Story Highlights:
- Corten Real Estate and a major insurance company will invest $1 billion in multifamily real estate debt and equity.
- The partnership already closed two mortgages totaling roughly $280 million for large multifamily buildings.
- P.J. Yeatman said the firm targets stabilizing buildings with maturing construction loans in oversupplied markets.
