You've got to hand it to Ambit Bridge Loan Fund and the Stillwater Capital Partners, two hedge funds that have found a way to thrive as credit markets melted. Both are in the business of providing short-term funding to real estate concerns, FINalternatives notes. As traditional lending from banks has dried up, they are filling in the gaps quite profitably. Stillwater says deal flow is running at three times the normal pace. They are also able to impose higher collateral demands and charge higher rates. Unsurprisingly, there has been a spike in interest from investors. Of course, a decline in the value of real estate would hurt. But that's always the case.  

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