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CL Credit has successfully originated a $15 million subordinate loan for the completion of Phase II at Tahoe Beach Club, a luxury condominium project in South Shore Lake Tahoe.

Through its scholarship program, Castle Lanterra has awarded 32 residents with scholarships totaling $68,000. Awards are granted without regard to race, color, creed, religion, sexual orientation, gender, age, disability, or national origin.

The ground may have shaken for 20 seconds on Friday in New York City, but one firm is making big moves of a different kind this week. CL Credit, a debt platform that was recently launched by Castle Lanterra , just made its lending debut in the form of a $24 million loan in the Bronx.

WRE News person of the week, Castle Lanterra Chief Investment Officer, Jim Glasgow, discusses the state of the multifamily housing market. He sees stabilization in a year as supply is absorbed, potential interest rate decreases and reduced construction, offering a more optimistic outlook for the next 12 to 24 months.

Castle Lanterra Founder & CEO, Elie Rieder, discusses the use of automation and artificial intelligence increasing in the rental housing industry.