Daniel Cunningham
The manager says the asset class has accounted for more than half of its European lending to date.
The firm’s head of real estate debt strategies sees more opportunities for non-bank lenders.
The alternative lender says the opportunity includes recapitalising stalled developments.
The manager previously secured an extension to another loan for its Sponda platform in Finland.
The debt was provided to Finnish company Technopolis, owned by manager Kildare.
Lower liquidity costs are among the key factors, according to Stuttgart-based BF.direkt.
Real estate market participants do not expect a significant immediate change in debt market conditions.
Growth in compensation across Europe’s real estate debt market was largely absent in 2023, according to the annual compensation survey by executive recruiter Sousou Partners, shared with Real Estate Capital Europe.
Ravi Stickney, leader of the firm’s real estate business, says it is crucial to know when to lean in and when to pull back from the financing market. And now is the time to lean in, he says.
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