Whole loan

The firm is aiming to raise considerably more than when it first came to the European real estate credit market in 2020.

The manager is aiming to lend against core-plus and value-add European real estate through its whole loan strategy.

The specialist real estate lender has secured a segregated commercial property lending mandate through which it plans to deploy €350 million.

The UK property investor and developer is entering the lending market at what Lorna Brown, its head of capital markets, considers an opportune time.

The Monaco and London-based manager is understood to have begun fundraising for its third property lending vehicle.

The UK lender says the deal will allow them to finance a wider pool of property developers looking to deliver housing across the country.

Through its latest vehicle, focused primarily on investing in whole loans secured against UK commercial property, the firm has already committed £455m across 10 transactions.

The vehicle will primarily lend against PRS and student accommodation assets in Spain and the UK.

The programme will look to provide single loans for real estate projects in Western Europe.

The London-based debt fund manager has held a final close on a fund which offers loans up to 70% LTV in the UK.