Real estate investment manager Loanland has been hired by an unnamed German insurer to invest in private debt.
The manager said it has launched Loanland Real Estate Tactical Credit Fund I (LLRETCF I) to invest a three-digit millions euro amount in whole loans and mezzanine financings for existing properties and developments.
The open-ended LLRETCF I fund, which will target loans of €10m to €35m, will invest in residential, office and logistics properties as well as some mixed-use, micro-living and retail assets.
Daniel Schmidt, managing director of Loanland, said: “The current market environment for real estate financing is characterised by risk aversion and restraint.
“This is a lenders market right now with financing opportunities repeatedly arising and offering very attractive risk-return profiles. These are ideal conditions for a counter-cyclical lending approach.
“We are therefore very pleased with the trust of our new investor. For us, this significant commitment confirms that we are offering the right product at the right time.”
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