Mount Real Estate Capital Partners, eXapital Capital Advisors, and Sonar Real Estate have launched a new real estate debt platform.
With teams based in Hamburg and London, substnz is independent and owner-operated, and features extensive experience in investment, asset management, capital markets, and financing.
substnz is focused on providing a wide range of alternative financing solutions for property owners and developers in Europe. It will initially target the German and UK markets, with a long-term goal of expanding to other European countries.
substnz benefits from the skills and expertise of its founders. eXapital has international capital market and financing knowledge, Mount has experience in structuring specialized financing, and Sonar has comprehensive transaction, asset management, project development, and ESG expertise.
Dr. Karsten Lieser, managing partner, said: ‘Given the current challenging environment and the growing regulatory pressure on banks, there is an additional need for alternative financing options. At the same time, investors are increasingly interested in debt investments at the new price level, as they can achieve attractive risk-adjusted returns in this area. With substnz, we aim to provide individual solutions for market participants on the debt side to address existing financing gaps.’
Roger Neumann, managing partner, added: ‘substnz is a company with compelling unique features. We operate independently and have a complementary and experienced team. The close integration of capital market and credit expertise, combined with local real estate knowledge, sets us apart. We have a long-standing track record built on strong partnerships and diverse skillsets of the participating companies. This applies not only to the successful writing of new loans and investments into existing and new developments in good times, but also in times of crisis.’
Christoph Wittkop, managing partner, commented: ‘Our clients benefit not least from an extremely complementary and extensive network in the areas of real estate owners, banks, service providers, investors, and project developers. With our international setup, we are already locally well-positioned. It is also important that we place a strong focus on ESG in all our activities.’
substnz is particularly interested in high-yield investments that are collateralized by real estate and have strong ESG credentials.
It offers a variety of debt financing solutions, including senior and whole loans for existing financings, as well as ESG capex loans.