A new breed of alternative lender is emerging to fill an estimated EUR 35 bn European funding gap which is expected to widen in the wake of a mountain of debt maturities in the next 24 months. 'We see an increasing number of alternative lenders taking the stage, with announcements of new debt funds being launched every other day,' said Natale Giostra, head of CBRE's UK and EMEA Debt Advisory team.
As traditional property lenders are retrenching their activities and investment banks have virtually withdrawn from the debt market, new types of lenders such as insurance companies and mezzanine financiers are stepping in to take advantage of a finance-starved European property sector.
The full story appears in the December 2010 edition of PropertyEU Magazine. Click on the link below to subscribe | 
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