Castlelake and Niam Credit to Deploy €1 Billion in Nordic Real Estate Financing
- Editor
- Feb 4
- 1 min read
What's Happening: Castlelake and Niam Credit have formed a strategic partnership to provide €1 billion in financing solutions to the Nordic real estate market. The partnership will focus on whole loan lending in Sweden, Norway, Finland, and Denmark, offering an alternative to traditional bank lending.
The Key Moves:
The partnership has closed its first deal - a NOK 1.9 billion financing for over 30 prime properties in central Oslo.
Castlelake and Niam Credit will provide tailored financing solutions across all real estate asset classes in the Nordic region.
The partnership aims to meet demand for more flexible financing options as traditional bank lending has decreased.
By The Numbers :
Target deployment: €1 billion
First deal: NOK 1.9 billion financing in Oslo
Castlelake manages approximately $24 billion in assets
Key Quotes:
"The partnership with Castlelake represents Niam Credit's first joint venture and we are thrilled to combine our local market expertise with their global reach," said Pontus Sundin, CEO of Niam Credit.
"Our partnership with the Niam Credit team will provide critical financing solutions tailored specifically to the needs of the Nordic market," said Eduardo D'Alessandro, Partner at Castlelake.
*KQ3*
The Bottom Line: This partnership between Castlelake and Niam Credit represents a significant move in the Nordic real estate financing market, aiming to fill the gap left by traditional banks and provide more flexible lending options. The successful closure of their first major deal in Oslo demonstrates the partnership's ability to quickly deploy capital in the region.
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