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Alternative lenders
In the third part of our annual list of Europe's leading property lenders, we look at the alternative debt providers that made gains in 2020.
Covid-19 forced financing volumes down sharply, but our annual lender list shows that activity continued despite the pandemic.
Entrants have until 5pm, UK time, on Friday 13 November to pitch for inclusion in our awards shortlists.
The pandemic is accelerating the growth of non-bank lenders in Europe’s mid-sized loan market, argue panellists at CREFC Europe’s autumn conference.
The US manager has backed former Tyndaris real estate boss Clark Coffee’s new venture to capitalise on dislocation in the European lending market.
Loan distress is brewing, banks are playing it safe and alternative lenders are aiming to make gains in the market.
Although many lenders have scaled back their activities considerably, some see property credit as an enticing opportunity in a dislocated market.
The US real estate big hitter has struck a deal to take on Swiss manager GAM’s European property debt business.
The London-based manager, which has begun investing its sixth and seventh credit vehicles, says covid-19 has forced sponsors to adapt their strategies.
Europe’s real estate debt providers have become more selective about what they are prepared to lend against.