Starwood Real Estate Finance is to make loans to Italy and Spain for the first time, following a first half of the year in which it provided £38.2m in loans.
The move into new territory comes after the company agreed loans secured against Danish and Irish assets during the period.
The lender also said in its half- year statement that the business was seeing more activity from borrowers whose existing lender had exited the market, particularly in Scandinavia.
Starwood is also eyeing increased deal flow from refinancing opportunities out of non-performing loan portfolios.
Starwood had more than £247m in loans deployed across 12 facilities as of the end of June.
