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With leverage, the Toronto-based manager has the potential to lend as much as €300m.
Eighty-four percent of respondents to a survey by the organisation expect to increase allocations to credit.
The private real estate firm believes proximity to transport hubs is critical for office assets.
Borrowers face interest rate risk as central banks tackle the rising cost of living.
Gifford West of non-performing loan advisory firm Alpine Tremont says the pandemic’s impact on consumer behaviour means a wave of real estate loan defaults is inevitable.
The US-based firm sees significant mispricings that present opportunities to take short positions.
The global alternatives managers has invested $1.7bn over the past 18 months, half of which is in Europe.
The southeast Europe-focused investment manager has closed a €55m non-performing loan deal in Greece and provided fresh capital to a hospitality owner in the country.
The latest report by Bayes Business School, formerly Cass, reveals loan origination reached £23.3bn in the first six months of 2021 as lenders tackled a deals backlog.
Lenders at the PERE Debt & Financing Forum, held in London this week, said residential sectors and development mandates are increasingly attractive.