Resolution launches U.K. and European CRE debt platform
London-based Resolution Property has launched a commercial real estate debt platform and closed its first debt fund having raised an initial €200 million ($230 million) backed by its affiliate FOSUN.
The fund will focus on mezzanine, stretch senior, development and bridge loan financing opportunities across Europe and the United Kingdom. All commercial property types will be considered including hotels, student accommodation, healthcare, leisure and residential assets.
The fund will initially target smaller loans of €10 million to €20 million ($12 million to $23 million) priced competitively compared to many other mezzanine lenders in the market.