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The German bank has provided a €60m facility for the Leipzig asset.
The firm has originated two loans, one in Germany and the other in the Netherlands, ahead of a fourth fund launch.
As borrowers increasingly seek whole loans, senior funds are more difficult to deploy, according to the manager’s head of commercial debt funds.
Atlas Capital Partners, founded by Sean Tarrant and Christoph Nickel, has provided a £15m refinancing of a Knightsbridge residential asset.
The Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.
The insurance company lender has provided a loan against Get Living’s New Maker Yards in Salford.
The financing replaces construction debt put into place in 2019.
The sponsor – developer the Moran Group – attempted to sell one of the assets, the Rockpoint apartment complex, last year.
There was optimism at the Cannes event for more transactions amid predicted falls in interest rates, but several expect distress on European bank loans
The subsidiary of German lender pbb Deutsche Pfandbriefbank is speaking to investors about raising up to €500m.