Continued Growth Expected After Strong First Half of 2024

23. July 2024

Frankfurt am Main, 23. July 2024 – The Frankfurt-based real estate private debt manager Loan Land GmbH (“LOANLAND“) looks back on a successful first half of 2024 with a strong deal flow. Overall, senior secured whole loan financings in the mid-double-digit million euro range were provided via funds managed by LOANLAND. The recent transactions demonstrate the wide range of financed projects and asset classes: in June, the acquisition of a property by PRIMUS Immobilien AG out of the Euroboden insolvency was financed. On the site in Berlin-Schoeneberg, a mixed-use development with approximately 26,000 sqm of gross floor area is planned. In May, funds advised by LOANLAND financed the acquisition of the fully leased and well-established local supply center “TAUT Passage” in Berlin-Gruenau by RE.START projects AG. The sponsor plans to expand the property by approximately 5,000 sqm over the next few years. In both cases, borrowers benefited significantly from transaction certainty and execution speed.

 

For the second half of the year, LOANLAND anticipates continued demand for alternative financing. Felix Bindrich, Managing Director of LOANLAND, states: “We continue to be on a growth trajectory and have ample dry powder to meet financing requests ranging from 10 to 30 million euros. Additionally, we plan to expand our business into larger financing volumes. We aim to tap the 50 to 100 million euro range in collaboration with international investors, especially from the private equity segment.” Bindrich further emphasizes that further capital deployments will be focused on existing properties with running cash flow. Financing of project developments and refurbishments is also feasible and intended as a complement to the existing financing portfolio.