Alternative lenders

Conditions are ripe for lending, but barriers to entry in the industry remain high, delegates at PERE’s London event heard.

Speaking at the PERE Network Europe Forum, the CEO and CIO of real estate at the asset management giant said Europe’s debt funding crisis is about to intensify.

CREFC Europe, INREV and the Alternative Credit Council hit back at ECB warnings about risks posed by commercial real estate.

The firm has originated two loans, one in Germany and the other in the Netherlands, ahead of a fourth fund launch.

As borrowers increasingly seek whole loans, senior funds are more difficult to deploy, according to the manager’s head of commercial debt funds.

Atlas Capital Partners, founded by Sean Tarrant and Christoph Nickel, has provided a £15m refinancing of a Knightsbridge residential asset.

The manager says more investors will return to real estate following a recovery in stocks and bonds.

The London-based manager was selected to provide the financing because it was able to provide a whole loan.

The Frankfurt-based business is aiming to raise €300m of equity to deploy in Germany, Austria, and Switzerland.

The sponsor – developer the Moran Group – attempted to sell one of the assets, the Rockpoint apartment complex, last year.