Redwood Trust, Mill Valley, Calif., said it has closed on a $291 million securitization of mezzanine loans and other subordinate commercial real estate debt.

"The commercial mortgage market requires significant capital to refinance. There has been a hole,” chief executive officer Marty Hughes said during a JPMorgan investor conference. “We stepped into the breach in the mezzanine space.”

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.