Alternative Angles

Diving Into High Yield Private Real Estate Lending


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In this latest episode of Alternative Angles, host Steve Rosen, a former Fidelity portfolio manager in Fidelity’s High Income & Alternative Investing division connects with Bill Maclay, a senior portfolio manager and key business builder of Fidelity’s high yield real estate debt investing platform.

Listen in as Steve and Bill, who co-managed portfolios and worked closely for more than two decades, dive into high yield and private real estate lending, including:

  • Trends in credit conditions and property market fundamentals.
  • Strategies Bill believes offer strong risk-adjusted returns, and his investing philosophy and approach.
  • The property type Bill is focused on right now. 
  • Why Bill prefers a mezzanine loan structure. 
  • Bill’s investment rationale and underwriting process for a loan his team closed on earlier this year.
  • ...more
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