Mark Mwaungulu
The facility has been provided to fund the completion of a mixed-use office and retail project in the country.
The US-based financial services firm has created a bridge finance business to lend to real estate investors.
Sean Tarrant, who was head of portfolio finance at Bain Capital Credit, registered Atlas Capital Partners in the UK last week.
The Stuttgart-based firm is looking to raise €300m from institutional investors for a vehicle through which it hopes to capitalise on higher margins in the German market.
The investment manager will allocate up to €300m in the European and Asian property credit sector.
The Madrid-based firm will allocate a third of capital raised to real estate debt.
Amsterdam-based Elfi has sourced a €45m loan from the UK-based manager for the repositioning project.
The two banks have provided £100m to the Australian investment manager to finance what it says is the UK’s largest modular BTR project.
The Essen-based firm, which was founded in 2020, will target a 6-7% net return for its upcoming whole loan lending vehicle.
Speaking at the first District World Summit event in London last week, the bank’s co-head of real estate said values have not adjusted as quickly as anticipated.