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Zencap closes second property debt fund on €250m – Exclusive

French alternative investment fund manager Zencap Asset Management has closed its second real estate debt fund, focused on providing credit to value-add and opportunistic deals.

DRC Capital closes third mezzanine fund on £600m – Exclusive

DRC Capital has closed its third mezzanine and whole loan fund on £600 million (€682 million).

LaSalle closes third mezzanine fund on £804m

LaSalle Investment Management has closed its third mezzanine and whole loan fund on £804 million (€903 million).

Europa Capital launches £100m debt fund

Europa Capital has launched a debt vehicle with commitments of £100 million (€110 million) to invest in UK commercial real estate, with a focus on regional markets.

Deutsche AM provides €45m French mezz loan

Deutsche Asset Management has provided a €45 million mezzanine loan to Ares Management to finance two designer outlet retail centres in France.

Avamore boosts property lending team

London-based Avamore Capital, the short-term property finance specialist, has hired Amit Majithia as a principal.

Pearlmark raises $50m for mezzanine debt fund

Pearlmark Real Estate Partners has raised $50m for the first close of Pearlmark Mezzanine Realty Partners IV, the latest fund in the firm’s high yield debt series. The fund will originate mezzanine loans for acquisitions, refinancings, recapitalizations and development projects, also targeting subordinate interests of structured loans, preferred equity and bridge loans. The fund is targeting returns between 10 and 12 percent. […]

Natixis lends $66m to Bauhouse Group

Natixis Real Estate Capital has provided $66m to Manhattan-based Bauhouse group for the purchase of three NYLO full service boutique hotel properties in Irving, Plano,(both in Texas) and Warwick, Rhode Island.

Gatehouse wins $100m mezzanine mandate

The Shariah-compliant bank will front the equity for a US-based investor and provide mezzanine debt for European real estate.

Nashville developer secures $75.9m loan on luxury residential tower

Nashville-based Giarratana Development has secured $75.9m in loans for the construction of the SoBro luxury rental apartment tower in downtown Nashville, Tennessee. Chicago-based BMO Harris Bank provided a $58m senior construction loan, while New York-based NorthStar Realty Finance – through its lending entity QARTH Holdings NT-II – provided a $17.9m mezzanine loan on the $90.8m project. […]