Patrimonium and Bayview launch EUR 500 million Commercial Real Estate Lending Platform

PRESS RELEASE
Patrimonium and Bayview launch EUR 500 million Commercial Real Estate Lending Platform

Zürich, 12 January 2026 - Patrimonium Asset Management  (“Patrimonium”), headquartered in Baar (ZG/CH), has entered into a strategic funding partnership with affiliates of Bayview Asset Management (“Bayview”), headquartered in Coral Gables (FL/USA), a global investment management firm specializing in mortgage and consumer credit, related to the provision of commercial real estate loans to the European market, especially Germany and Germany-neighbouring countries.

The platform launches with an initial commitment of EUR 500 million and plans to issue 2-to-5-year senior, whole-loans, and subordinated debt financings to the German commercial real estate market as well as to select neighbouring countries (Netherlands, France and Luxembourg).

The partnership introduces significant new private capital to the European market, to be invested in attractive, risk-adjusted real estate debt positions secured by repriced properties with strong fundamentals, and so capture opportunities created by the retrenchment of traditional banks from the sector.

The strategy targets loan opportunities ranging from EUR 20 million to EUR 100 million+, supporting established borrowers in refinancing existing assets or funding acquisitions of new properties and portfolios. Loan types will include core+, transitional / value-add and development projects.

“The strategy is sector-agnostic across multi-family residential, retail, logistics, hotels and high-end office properties. Our partnership will help rebalance the funding gap by offering flexible financing solutions with first and second ranking loans up to 75-80% LTV”, said Clement Jacquesson, Head of Real Estate Debt at Patrimonium. “Current market conditions present a compelling opportunity, driven by limited liquidity in the European mid-market, ongoing valuation adjustments to higher interest rates, and evolving real estate usage post-pandemic.”

This new mandate reinforces Patrimonium’s position as a leading alternative lender in the German real estate market and deliver innovative financing solutions. With more than EUR 5.0 billion in assets under management across private markets strategies, this initiative complements Patrimonium’s existing debt products and leverages its two core pillars: real estate equity and private credit.

Dr. Daniel C. Heine, Co-Founder and Managing Director Private Credit at Patrimonium, commented: “We have monitored the German real estate debt market for two decades, anticipating this moment of dislocation. We are convinced that German banks are now being forced to gradually retrench from real estate financing, and the market will evolve similarly to the UK, Dutch, and US markets. The era of alternative lenders in German real estate debt has arrived—and it is here to stay. We are delighted to partner with Bayview to seize this opportunity and contribute to reshaping the German real estate landscape.”

Inaugural transaction of EUR 38.5 million in Rostock, Germany

As a significant milestone, Patrimonium and Bayview successfully closed their first transaction in December 2025: a senior facility secured by a fully let outlet center in Rostock. This first deal in Germany underscores the partnership’s ability to support leading sponsors with substantial capital and tailored financing structures.

Andrew Smith, Head of Commercial Real Estate Debt at Bayview, commented: “We are very excited about the launch of our partnership with Patrimonium and the closing of this inaugural transaction. Bayview has been building a presence in Europe for years and we see a tremendous opportunity to provide financing to high quality real estate sponsors, particularly in Germany and the surrounding markets. This partnership will allow us to accelerate our growth as an attractive source of financing for a wide range of deals.”

Pierre Lussato, Head of Bayview International, further commented: “European markets which have historically been dominated by large commercial banks are moving in the direction of private debt in real estate asset classes as well. Given the fragmentation and granularity of this asset class, origination is difficult and Patrimonium’s decades of experience in the mid-market corporate space provides a natural access point for high quality real estate loans serving one of Bayview’s core markets globally.”

 Contacts

 Patrimonium Asset Management

Bayview Asset Management

About Patrimonium
Patrimonium Asset Management AG (“Patrimonium”) is a founder-led, FINMA-supervised fund management company specialized in alternative and private market investments. Patrimonium manages over EUR 5 billion in assets (as of 12.2025) in Real Estate, Private Credit, Private Infrastructure and Private Equity. Patrimonium is a  leading provider of Private Credit to middle-market companies based in German-speaking Europe (“DACH-region”) and Benelux countries. It manages corporate credit strategies such as senior and asset-based lending, as well as real estate debt strategies and private credit mandates. Patrimonium started investing in Private Credit in 2006 and has since financed over 200 companies. The company has over 70 investment professionals with offices in Zürich, Lausanne-Crissier and Baar. More: www.patrimonium.ch.

About Bayview
Bayview is a SEC-registered investment advisor that advises and manages pooled investment vehicles focused on credit, including whole loans, asset-backed securities, mortgage servicing rights, and other mortgage and consumer-related assets. Headquartered in Coral Gables, Florida, with additional asset management offices in New York, London, and Geneva, and loan servicing and origination affiliates in seven U.S. states and Milan, Italy, Bayview employs approximately 2,050 professionals across its affiliated companies and manages approximately USD 37.5 billion in assets under management as of 30 September 2025.  Bayview Asset Management has been investing in Commercial Real Estate Debt for over 20 years, both in the United States and in Europe. Since 2018, Bayview’s Large Balance CRE Lending team has originated or acquired over USD 5.4 Billion of commercial real estate debt, including first mortgages, mezzanine loans (sub-debt), construction loans, and C-PACE Assessments.  For more information, please visit www.bayviewcommercial.com.