#USA #New York #AB CarVal #Cedarline Lending #Sunday Capital

AB CarVal Strengthens Its Position in Real Estate Financing

In a strategic move to bolster its commercial real estate private credit offerings, AB CarVal, a prominent global alternative investment manager, has formed key partnerships with Cedarline Lending and Sunday Capital. This expansion, announced in 2026, aims to capitalize on the heightened demand in the U.S. housing market, targeting both multifamily and residential developments.

AB CarVal, an integral part of AllianceBernstein's Private Alternatives segment, has made significant headway by finalizing an agreement with Cedarline Lending. This collaboration focuses on funding loans for homebuilders, initiated with the purchase of a loan portfolio exceeding $150 million in commitments. Cedarline Lending specializes in senior-secured vertical construction and acquisition loans tailored for institutional-quality homebuilders, particularly in the Pacific Northwest and Mountain West regions.

Additionally, AB CarVal has teamed up with Sunday Capital. This California and New York-based firm will assist in funding first-lien transitional multifamily loans, ranging from $1 million to $25 million in key U.S. markets. Recent funding endeavors have already seen AB CarVal provide $40 million for senior-secured transitional multifamily bridge loans, including a noteworthy renovation project of Green Hill Apartments in California.

In another significant development, North River Partners has been awarded $98 million from AB CarVal for various financing projects, including a construction loan for The Presley, a new 236-unit development in an opportunity zone within the rapidly expanding Las Vegas Medical District. This project marks a significant addition to the area, which has not seen a new Class A multifamily development in over two decades.

Scott Greenfield, Managing Director at AB CarVal, expressed the importance of these partnerships, stating that collaborating with reputable lenders and developers is vital to their strategy across various asset classes. He emphasized that transitional lending aimed at affordable U.S. housing will continue to present insightful financing opportunities due to unfulfilled demand in the housing market.

Ryan Murray, Director at AB CarVal, mentioned the current challenges faced by the construction industry, including inflationary pressures and high-interest rates. In light of these issues, private credit is emerging as a dynamic financing solution for borrowers looking for bridge and construction loans in markets with sustainable housing demand that remain undersupplied.

As part of its broader strategy, AB CarVal is well-poised to continue expanding its lending capabilities into 2026, focusing on projects that align with sustainable housing requirements. With nearly three decades of experience navigating diverse credit cycles, AB CarVal is uniquely equipped to enhance its investments in commercial real estate, maintaining a laser focus on the evolving demands of the market.

About AB CarVal

AB CarVal is a globally recognized investment management firm dedicated to asset-based finance investments within the real economy, including real estate debt and structured credit. Managing approximately $20 billion in assets, the firm understands and adapts to the ever-changing landscape of commercial real estate financing, further solidifying its reputation in the private credit arena.