alternative lenders

The manager’s head of real estate debt investment research argues several factors are drawing investors to the asset class.

Following an €88m financing in the Netherlands, the US manager’s real estate finance director says the country’s office sector is no longer blighted by oversupply.

The Frankfurt-based manager says more caution among banks during the pandemic has created opportunities for subordinated lenders.

The Monaco and London-based manager is understood to have begun fundraising for its third property lending vehicle.

The UK manager plans to apply a new lending framework to all its real estate loans, starting with a soon-to-be-launched debt fund.

The US private equity firm, which sold its last remaining UK hotels in 2018, has written a £100m-plus loan against a portfolio of Hiltons.

Large pools of capital have been raised for distressed strategies, but thanks to government support schemes, finding a home for it is proving a challenge.

Panellists at CREFC Europe’s conference on offices say lenders are factoring in capex programmes and shorter leases when underwriting properties.

Hoong Wey Woon, partner with financial services firm Alantra, says real estate lenders are getting creative as they strive to invest the large amounts of capital they have raised.

Lenders are considering what constitutes an enticing financing opportunity as European real estate recovers from the pandemic.