Mark Mwaungulu
The German bank has provided a €60m facility for the Leipzig asset.
The firm has originated two loans, one in Germany and the other in the Netherlands, ahead of a fourth fund launch.
As borrowers increasingly seek whole loans, senior funds are more difficult to deploy, according to the manager’s head of commercial debt funds.
Atlas Capital Partners, founded by Sean Tarrant and Christoph Nickel, has provided a £15m refinancing of a Knightsbridge residential asset.
The insurance company lender has provided a loan against Get Living’s New Maker Yards in Salford.
The London-based manager was selected to provide the financing because it was able to provide a whole loan.
The Frankfurt-based business is aiming to raise €300m of equity to deploy in Germany, Austria, and Switzerland.
Christof Winkelmann, chief market officer at the German bank, said the lender successfully dealt with troubled hotels during covid-19 and will do the same with its US office exposure.
The sponsor – developer the Moran Group – attempted to sell one of the assets, the Rockpoint apartment complex, last year.
There was optimism at the Cannes event for more transactions amid predicted falls in interest rates, but several expect distress on European bank loans