Loanland, an investment manager for real estate private debt, has successfully placed its second fund, an individual mandate under an evergreen structure for a German institutional investor.
The Loanland Real Estate Tactical Credit Fund SICAV-RAIF (LLRETCF I) will invest a three-digit million euro amount on behalf of a German insurance company.
The investment strategy involves whole loans and mezzanine financings for existing properties and developments.
However, the fund’s specific focus allows adaptions to upcoming market situations and emerging opportunities.
In addition to residential, office and logistics properties, the fund will also invest in mixed-use, micro-living and retail assets. The fund targets loans in the range of €10 to €35 mln.
'The current market environment for real estate financing is characterized by risk aversion and restraint,' said Dr Daniel Schmidt, managing director of Loanland.
'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,' Schmidt concluded.
Loanland is a real estate investment manager for Luxembourg-based debt funds within the NAS Group.
