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London-based Ashby Capital assembles a property debt platform for to provide mezzanine and development finance to the UK.
The German firm launched its maiden property debt fund in 2021 before discontinuing it in autumn 2022, citing difficult headwinds.
The firm is seeking to raise around €300m for its BNP Paribas European Enhanced Real Estate Debt Fund.
The sector is vulnerable to rising interest rates due to low debt yields and cashflow constraints, says the credit rating agency.
The asset manager is separating its residential and commercial lending between its ARA Venn and ARA Europe businesses.
Analysts at the Dutch bank believe a tightening of lending standards following banking turmoil will not be as severe in Europe.
The US manager says it is on track to meet repayments, despite rating agency warnings about the impact of market conditions.
European property values will be impacted by the failures at US regional banks, says the consultancy.
Sharp rise in financing costs is highlighted in pan-European research report.
The Los Angeles-based firm has provided a £186m senior loan to GreenPoint to finance the acquisition of a UK car parking portfolio.