Alternative lenders

Debt providers chasing a limited number of deals are reducing loan margins, according to the business school’s latest report.

Mezzanine financing in Europe’s largest real estate market is playing less of a role, according to the report.

The loan, to a UK housing association, is the first since the funding programme was increased to £6bn.

The manager has provided the facilities to a partnership between Delancey and Tritax, and PineBridge Benson Elliot.

The loan refinances a portfolio of prime logistics assets located across three countries.

The move keeps the country on course to reach a 2% policy rate by 2025 and strengthens expectations of further recovery in real estate transactions.

The UK manager has made an appointment in Amsterdam from HSBC to bolster its origination capabilities.

The firm’s co-founder says fundraising in today’s market requires more effort than three or four years ago.

Michael Zerda was among Europe’s first cohort of private real estate debt managers. Over a decade on, he considers the future of debt and equity structures.

German banks face huge uncertainty as the country’s real estate sector gradually resets. Private debt managers are aiming to capitalise on the disruption.