LaSalle raises €600m for new whole loan lending platform

LaSalle Investment Management has launched LaSalle Whole Loan Strategies program by its debt & special situations team.

This is a €600 million ($672 million) program focused on originating whole loans secured against real estate in Western Europe and the Nordics. The program’s strategy is to originate and hold whole loans with loan-to-values ranging from 70 percent up to 80 percent across various asset types. The strategy targets financings between €25 million and €100 million ($28 million and $112 million) plus.

This is the latest program from LaSalle’s debt investments & special situations platform. The addition of this product further enhances LaSalle’s ability to provide financing solutions across the capital stack, including whole loans, mezzanine, development financing and stretched senior loans.

The strategy’s first investment is a €37 million ($41 million) transaction to finance the aggregation of a high-quality portfolio of last-