In one sentence
An insurance company lending against commercial real estate to match long-dated liabilities, known for low-leverage, long-term, fixed-rate loans.
The longer version
Life companies are the patient capital of CRE lending, holding loans for a decade or more on stable assets. Their underwriting is conservative and their process durable, built for loans that outlast the people who closed them.
The long hold shapes everything: covenant tracking, assumption readiness, and a servicing file that has to remain retrievable for years.
Keep reading