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The manager plans to reduce its use of loan-on-loan finance as it aims to launch its next credit vehicle.
Overall loan origination in the first half of 2023 was down 22% to £18.8bn, according to the business school’s latest survey.
The manager has provided a senior loan in the region of €25m, which will enable a refurbishment of the property.
The loan will support the delivery of 2,389 student accommodation beds in the UK.
The manager has hired Sunny Lakhtaria as UK head of real estate debt.
Toni McDermott, who has joined from Morgan Stanley, sees a growing need for flexible finance for real estate sponsors.
The UK lender’s latest financing, in Liverpool, is its 24th in the region.
The facility will be used to develop senior living provider Birchgrove’s second project in London.
The UK manager launched Amsterdam-based Mica Real Estate to manage an expanding Dutch portfolio.
The Boston-based manager is aiming to raise €400m with which to target the European real estate debt market.