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.