Dusseldorf-based Caerus Debt Investments has been appointed by two major German institutional investors to advise them on investing a total of €350 mln in senior collateralised mortgage loans.
Dusseldorf-based Caerus Debt Investments has been appointed by two major German institutional investors to advise them on investing a total of €350 mln in senior collateralised mortgage loans.
The two institutions are interested in debt with high loan-to-value (LTV) ratios, or so-called 'whole loans'.
Caerus CEO Michael Morgenroth said: 'Widening our investment solutions to include whole loans will provide investors with access to attractive yields. As part of our investors’ portfolios, these make a noticeable contribution to achieving their internal target returns.'
Together with the capital budgeted for junior and mezzanine loans, Caerus has been mandated with €420 mln for investment in loans secured on real estate. The first three investments of funds from the individual clients, totalling €188 mln, are already in place. The loans are secured both on individual properties and on real estate portfolios. Office space comprises the main use type, although mixed-use properties that include hospitality/leisure elements have also been financed.
