LaSalle Investment Management announced this week that Richard Craddock has joined the Debt & Special Situations team in Europe, headed by Amy Klein Aznar.
Craddock joins as managing director for the Whole Loan programme (LWLS I/II), which launched earlier this year with €600 mln of initial commitments and invests in whole loans across Western Europe, with an initial focus on France, Benelux, Iberia, and Ireland.
He has over 12 years of experience in the European real estate finance market and arrives from lender Wells Fargo where he was a director of commercial real estate, supporting investors in originating and structuring financing solutions across a wide range of asset classes and funding structures.
Amy Klein Aznar, head of Debt & Special Situations at LaSalle, said: 'Given the growth and heightened investment activity of our Debt and Special Situations business in recent years, we have made a number of strategic hires and grown the team to over 30 people and we are well placed to capture investment opportunities across Europe.'
LaSalle’s Debt & Special Situations has raised €4.5 bn to date, providing borrowers with a wide range of financing solutions by actively investing through its four complementary investment strategies: LaSalle Real Estate Debt Strategies (LREDs), LaSalle Residential Finance (LRF), LaSalle Whole Loan Strategies (LWLS) and Special Sits. LaSalle provides whole loans, mezzanine, development finance, stretched senior loans, preferred/joint venture equity across the UK and Western Europe.
