FAP Mezzanine Report 2019

Inhalt

In this, the fifth edition of the FAP Mezzanine Report, FAP Finance once again presents the current trends in the rapidly maturing market segment for subordinate financing:

Market participants have provided EUR 5.8bn of mezzanine capital over the last twelve months, which has been used to complete a development volume of EUR 38bn. This represents an increase of 50 % compared with the previous year. Institutional capital providers and international operators are pouring into the market and family offices and crowd capital players are expanding their positions. Asian investors are particularly active.

This report highlights trends in the financing of both existing property and development projects across the following areas:

• type of lender
• Financing by sector
• Capital tranches per investment
• Lending ratios and maturities
• Interest rate expectations
• Security mechanisms

The FAP Mezzanine Report 2019 also examines trends among institutional investors with regard to investment opportunities in mezzanine capital for real estate.