Private equity giant KKR has hit a new record loan pipeline of $42B and doesn’t plan on slowing down anytime soon despite volatility from the fallout of sweeping tariffs and high construction costs.
Landlords are struggling to nail down financing as many lenders hold back, and property values are adjusting after the last few years of higher interest rates and the last few months of tariff concerns. 
As a result, KKR’s private credit commercial loan business is booming, KKR Real Estate Credit’s Matt Salem, Joel Traut and Patrick Mattson wrote in a note Tuesday.
Private credit loans can bring in annual returns of around 12%…