Our approach to real estate debt
With expertise dating back three decades, our end-to-end loan platform provides commercial real estate senior debt and whole loan financing for a wide range of property investors and developers. As one of the largest originators of real estate debt in Europe (Source: PFR Top European RED managers 2023), we have deep relationships across the market, allowing us to source attractive deals the broader market may not see.
Our investment philosophy is focused on managing the downside, given the asymmetric risk profile of debt investing. As such, we lend against core, essential assets with asset security. We place high value on financial covenants and avoid highly subordinated debt positions. We take the view persistent excess returns come via excellent deal sourcing, not extra risk, and therefore, avoid the higher risk parts of the credit spectrum. We also embrace newer sectors and structures that may offer ‘complexity’ or ‘novelty’ premia.
We also offer investors sustainable solutions, including sustainable transition loans, leveraging our independent credit and governance framework and non-binding environmental, social and governance integration.
Benefits of real estate debt
Real estate debt can offer attractive diversification from liquid credit, with underlying asset security.
Key risks of real estate debt
Real estate debt team
Explore our real assets range
Outcome-oriented solutions in real estate, across equity debt and long income, through strategies that span the risk spectrum, from lower-risk options generating long-term income to more opportunistic investments.
Our deep market access allows us to source high-quality projects, delivered through a range of debt and equity opportunities. We focus on stable, long-term income generation and efficient execution.
We finance bespoke structured finance and senior private corporate debt transactions, seeking to meet a range of client outcomes.