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Morningstar DBRS has flagged German and Nordic banks with large commercial real estate books as vulnerable to increased loan loss provisions.
The manager has provided two construction loans to developer Dominus for schemes in London.
The manager is in talks with potential investors for its ICG Real Estate Debt Fund VII.
Charlie Job has joined the UK-focused bridge lender which was launched In August last year.
London-based debt provider GRE Finance has made the hires as it aims to originate £120m in loans this year.
German lender provided an acquisition and development facility to US property company.
Paul Robinson has joined as director of origination and structuring within the firm’s real estate debt team.
The asset is the redeveloped Le Magnum building which managers Patron Capital and EDR REIM acquired in 2018.
German lenders including Deutsche Pfandbriefbank are seeing their share prices impacted by US commercial real estate exposure.
The German lender, which has over €11bn allocated to the asset class, played a key role in the UK financing.