Niam Credit to expand private real estate credit in the Nordics

Nordic debt platform Niam Credit has teamed up with a major institutional investor from northern Europe to offer specialised private real estate credit options.

Emma Jack

The partnership will focus on offering mezzanine and whole-loan solutions to support high-quality real estate sponsors in the Nordic market.
This collaboration combines Niam Credit's deep understanding of the local market and its ability to secure deals with the institutional investor's long-term capital. Their goal is to meet the increasing need for flexible, non-bank financing in the Nordic real estate sector.
As their first joint project, the two partners have already completed a mezzanine financing deal as part of a SEK 715 mln (€63.5 mln) debt package. This financing is secured by a fully leased, prime office building in central Stockholm and will help refinance existing debt and support the sponsor's general business needs.
Aareal Bank provided the senior facility, with Niam Credit managing the mezzanine investment.
This partnership is designed to be a long-term initiative, facilitating multiple real estate transactions across the Nordic region. It will allow Niam Credit to expand its financing options to include mezzanine, whole-loan, and development-related solutions.
Emma Jack, co-head of Niam Credit, stated: “This partnership represents an important step in the continued development of Niam Credit’s platform. By pairing long-term institutional capital with our differentiated local sourcing, structuring and asset-level underwriting capabilities, we can offer financing solutions that are both flexible for borrowers and attractive on a risk-adjusted basis for investors. Completing our first transaction together is a strong validation of this model.”