Shaping & Enriching Our Communities

Marathon's fully integrated global commercial real estate team closely partners with real estate owners and operators to provide lending solutions across the capital stack in every asset class.


In Commercial Real Estate


Invested in CMBS

#1 Net MOIC of 9

Managers Selected by the U.S. Department of Treasury for the Public-Private Investment Program (PPIP)

Marathon's Commercial Real Estate team has extensive experience across asset classes and geographies with established capabilities and relationships that inform our deep fundamental underwriting.

Our Global Real Estate Debt platform combines local relationships, deep property-level experience, and differentiated market intelligence cultivated over decades of investing across asset classes in the U.S. and Europe:

  • CRE investment professionals with asset class specialization
  • Established reputation of Integrity that can act efficiently, creatively, and in scale
  • Flexibility to invest between asset classes, geographies and positions in the capital stack
  • Marathon built proprietary technology providing real-time insights
  • Anticipate capital flows, construct diversified portfolios, and maintain investment discipline
  • Active in-house asset management and operational expertise
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Marathon Commercial Real Estate is purpose-built to navigate changing market conditions and provide creative solutions to our borrowers.

Marathon originates loans, acquires loan portfolios, and invests in new issue and secondary CMBS.

Our process is enhanced by Marathon's proprietary machine learning models trained on individual loan performance observations recorded over two decades, in addition to comprehensive real-time data from public and private markets.

Marathon partners with Commercial Real Estate Sponsors, Owners, and Operators to provide reliable, efficient, and tailored capital. Our dedicated team has deep domain expertise across asset classes, capital structures, and property stages with professionals across the U.S. and Europe enabling Marathon to provide valuable real time insights to our partners.

Jonathan Braidley

Managing Director - European
Commercial Real Estate


Our Commercial Real Estate Debt Platform invests across loans and securities in the public and private markets, and throughout the capital stack in every asset class.

Investment Types

  • First Mortgage
  • Mezzanine Loan
  • Preferred Equity
  • Non-IG CMBS
  • SASB
  • CRE CLOs
  • Freddie K Series
  • Distressed Loans
  • Rescue Finance Loans
  • Non-Performing Loans
  • Discount Note Purchases

Property Stages

  • Stabilized
  • Transitional
  • Development
  • Special Situations

Asset Classes

  • Multifamily
  • Industrial/Logistics
  • Office
  • Retail
  • Hospitality
  • Self-Storage
  • Mixed-Use
  • Niche

Investment Vehicles

  • Closed-End Funds
  • Fund of One & Separately Managed Account

Our dedicated Commercial Real Estate team consists of 20 investment professionals supported by Marathon's strong reputation, trusted relationships, market intelligence, and capital markets expertise in the global credit markets.

Contact Us

To contact the Marathon Commercial Real Estate team, please reach out to one of the key contacts below:

For US Real Estate:

Joe Griffin
Principal - US. .Commercial Real Estate

For European Real Estate:

Jon Braidley
Managing Director - European Commercial Real Estate

For Investors:

Jason Friedman
Partner - Global Head of Strategy and
Business Development or