Investment advisory firm Tyndaris has announced its first real estate loans led by former Deutsche Bank colleagues Heath Forusz and Clark Coffee.
The firm has deployed €90m of subordinated capital across three deals, the largest of which is a €64m mezzanine loan secured by a portfolio of German office properties.
Tyndaris Real Estate – a new entrant to the alternative lending sector – provides loans to the European commercial real estate sector ranging from senior debt, mezzanine to preferred equity.
Its focus is the UK and Germany, with most of its loan investments secured by €420m and around 2.5m sq ft of German office, retail and residential real estate.
Co-head of Tyndaris Real Estate, Forusz, said: “We are a solutions-oriented lender with the flexibility to invest across capital structures, asset classes and jurisdictions in Europe. We provide capital where, for the most part, the banks cannot due to regulatory and balance sheet constraints.
“We continue to find attractive debt investments and have maintained a robust pipeline of opportunities despite increased liquidity in the sector.”
Co-head of Tyndaris Real Estate, Coffee, said: “After a period spent developing our infrastructure and raising capital, we are excited to be in the market and demonstrating proof of concept. Our investments reflect good risk return metrics for our investors and, importantly, are accretive to our borrowers.”
Tyndaris Real Estate is part of a wider alternative investment advisory business at Tyndaris LLP, which was established by fund entrepreneur Raffaele Costa.
bridget.o’connell@estatesgazette.com
