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Mezzanine
Peter Sotoloff of Mack Real Estate Credit Strategies discusses the growing popularity of real estate mezzanine debt investing – and why there are risks involved.
A survey of UK debt trends shows alternative lenders are encroaching further into senior banks’ territory.
London & Regional has sourced a debt facility topping £300m to refinance the Mayfair hotel.
A French student housing provider has sourced financing including mezzanine debt, in what is thought to be the first example of junior debt being written in the country’s student accommodation sector.
French alternative investment fund manager Zencap Asset Management has closed its second real estate debt fund, focused on providing credit to value-add and opportunistic deals.
DRC Capital has closed its third mezzanine and whole loan fund on £600 million (€682 million).
LaSalle Investment Management has closed its third mezzanine and whole loan fund on £804 million (€903 million).
Europa Capital has launched a debt vehicle with commitments of £100 million (€110 million) to invest in UK commercial real estate, with a focus on regional markets.
Deutsche Asset Management has provided a €45 million mezzanine loan to Ares Management to finance two designer outlet retail centres in France.
London-based Avamore Capital, the short-term property finance specialist, has hired Amit Majithia as a principal.