Slate Asset Management unveils Canadian real estate special situations strategy

Slate Asset Management has plans to deploy up to C$500 million ($362 million) of transitional capital to provide liquidity to the Canadian real estate industry, especially those impacted by the COVID-19-induced market disruption.

“Slate has identified an immediate opportunity to provide transitional capital to the Canadian real estate market through a blend of credit and structured equity. Our investment platform, institutional relationships and operational expertise uniquely position the firm to address this gap,” said Blair Welch, founding partner.

Slate is offering quick execution and closing certainty on:

Bridge and transitional lending solutions: As the financing environment tightens, Slate will assist borrowers on new acquisitions and refinancings, offering a mix of whole and junior loans. Acquisition and restructuring of loans: Slate will work with lenders facing impaired performing and non-performing loans and securities to repackage