Alicia Villegas
Germany’s largest listed residential landlord has sourced a €500 million loan from German bank Berlin Hyp to refinance portfolios in North Rhine-Westphalia, Bavaria and Rhineland-Palatinate.
A French student housing provider has sourced financing including mezzanine debt, in what is thought to be the first example of junior debt being written in the country’s student accommodation sector.
Private real estate debt remains a popular asset class with investors, AXA’s Timothé Rauly told Daniel Cunningham at Private Debt Investor’s Capital Structure Forum.
Debt funds have been a bright spot in private real estate fundraising lately. But at the same time, the capital piling into the strategy is concerning for some in the industry.
Although the alternative real estate lending sector has grown massively, regulation remains light.
Glenhawk, a London-based bridging finance provider, is the latest start-up to target the gap in the UK market for short-term property finance focused on developments.
Banker-turned-debt fund manager Jim Blakemore is taking GreenOak Real Estate’s lending business into continental Europe.
How will the real estate lending industry deal with the phasing out of its pricing benchmark?
The German lender has provided a €94m, five-year loan at 65% LTV to finance Rasmala’s purchase of assets including an Amazon distribution hub.
Solvency II regulators have shown willing to investigate high CMBS capital charges for insurers.