mezzanine

The mezzanine fund will seek out core residential opportunities across Germany.

After withdrawing the London marina complex from the market last year, the private equity firm has closed a refinancing deal with Allianz Real Estate and Brookfield.

The asset manager has already raised £200m for its second real estate lending vehicle, providing mid-market whole and mezzanine loans in the UK and Western Europe.

The Luxembourg-based vehicle hopes to surpass the efforts of pan-European funds with a strong focus on German assets.

The Swiss Life-owned firm’s second UK residential lending fund is pursuing a niche strategy of small, high-yielding loans in London’s suburbs amid a cooling high-end market in the capital.

Peter Sotoloff of Mack Real Estate Credit Strategies discusses the growing popularity of real estate mezzanine debt investing – and why there are risks involved.

A survey of UK debt trends shows alternative lenders are encroaching further into senior banks’ territory.