Alternative lenders

The manager has worked with third-party advisers to devise a sustainable lending framework.

The firm is seeking to raise around €300m for its BNP Paribas European Enhanced Real Estate Debt Fund.

The lender has provided £150m to fund the acquisition of Deutsche Bank’s UK headquarters ahead of a major redevelopment.

Guidelines will lower the risks of building modular homes for both lenders and borrowers, says the company’s joint chief executive.

The US manager has sourced debt including €310m of mezzanine for 15 hotels.

The asset manager is separating its residential and commercial lending between its ARA Venn and ARA Europe businesses.

The US manager, which entered the European property lending market in 2020, is closing in on a first close for its latest vehicle.

The Toronto firm, which entered the US real estate debt market in 2021, is considering a similar European strategy.

The firm trumped its initial target of €2.5bn for Arrow Credit Opportunities II, through which it will invest in a range of asset-backed credit transactions.

The firm will aim to raise €250m for the vehicle, Albulus Credit II, with a focus on refinancing maturing loans in Germany and Austria.