Alternative lenders

The US manager has sourced debt including €310m of mezzanine for 15 hotels.

The asset manager is separating its residential and commercial lending between its ARA Venn and ARA Europe businesses.

The US manager, which entered the European property lending market in 2020, is closing in on a first close for its latest vehicle.

The Toronto firm, which entered the US real estate debt market in 2021, is considering a similar European strategy.

The firm trumped its initial target of €2.5bn for Arrow Credit Opportunities II, through which it will invest in a range of asset-backed credit transactions.

The firm will aim to raise €250m for the vehicle, Albulus Credit II, with a focus on refinancing maturing loans in Germany and Austria.

Sharp rise in financing costs is highlighted in pan-European research report.

The Los Angeles-based firm has provided a £186m senior loan to GreenPoint to finance the acquisition of a UK car parking portfolio.

The US manager will include UK offices in the lending strategy of its incoming £1.4bn debt fund.

CIM Group will follow a strategy similar to what it does it the US in which it works as a partner for banks.