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Mezzanine
The London-based development finance provider is aiming to grow its loan book to more than £100m by the end of 2020.
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.
The asset manager is aiming to deploy £200m of capital through a UK-focused debt fund.
The real estate investment manager will provide whole loans through its second vehicle focused on the country amid ‘strong interest’ in the market despite Brexit uncertainty.
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.