Alternative lenders face crowded market

Private real estate debt funds are coming into competition with the banks they hoped to replace

Monday 2 November 2015 at 17:00

Alternative lenders face crowded market

When banks pulled back from lending for commercial real estate after the financial crisis, asset managers moved in to fill the gap by launching a wave of debt funds.

Non-bank lenders nearly doubled their share of the UK property market in 2014, with 6.5% of the £45 billion of new loan originations coming from private debt funds, an increase from 3.7% in 2013, according to De Montfort University.