Hayfin Capital Management has acquired a portfolio of performing European commercial real estate development and investment loans from funds managed by Oaktree Capital Management.
The portfolio was originated and managed by Fairfield Real Estate Finance Services Limited, a commercial real estate lending platform backed by Oaktree.
The loan portfolio is secured against a pool of hotel, residential and office assets located in gateway cities across Ireland, Spain and Portugal. These loans were extended to financial sponsors, developers and owner-operators, and have helped to finance the construction, conversion or refurbishment of these schemes.
After the acquisition, Fairfield has been retained to continue to manage the loan portfolio on Hayfin’s behalf, providing important continuity for the borrowers in the portfolio.
“We’re delighted to acquire this portfolio of performing CRE development loans, which aligns with our strategy of investing in high-