Private Credit
Senior real estate debt with first-ranking mortgage guarantees.
Crandon’s Private Credit strategy focuses on originating, structuring, and overseeing senior real estate debt transactions secured by first-ranking mortgage guarantees, under mandate from professional and institutional investors, applying conservative criteria with capital protection as the priority in every transaction.
Our
Approach
Independent firm specializing in the origination, structuring, and oversight of real estate debt transactions under mandate from professional and institutional investors, applying technical judgment and operational discipline to deal selection and risk monitoring.
Strategy
Senior debt secured by first-ranking mortgage guarantees. Every transaction is structured under mandate using conservative criteria for loan size, LTV, and tenor, tailored to the asset and the deal itself.
Methodology
Crandon applies the same process to every transaction, structured across five consecutive phases that ensure traceability, risk control, and transparency for investors.
1
Origination and analysis
2
Negotiation and formalization
3
Management and monitoring
4
Reporting and communication
5
Divestment and exit
Strategic
Principles
Collateral quality and liquidity
Transactions backed by assets in markets with structural demand and solid fundamentals, supported by verified market value and realizable liquidity.
Risk-adjusted return
Every transaction is assessed on its actual risk-return profile, using conservative structures that prioritize capital protection over maximizing returns.
Defined time horizon
Fixed terms and conditions set from the outset, giving investors visibility and predictability throughout the life of each transaction.
Aligned interests
Crandon’s compensation is tied to the performance of each transaction, keeping the team’s incentives aligned with investors’ return objectives.
Track Record and operational capacity
+12 years
+10.000M€
+500
+1.200 M€
+30
Standard Structuring Parameters
Loan size
up to €25 million per transaction.
LTV
weighted average below 50%.
Deadline
initial 12-month terms with the option to extend up to 36 months, depending on the asset and exit strategy.
Collateral
first-ranking mortgage guarantees on residential, commercial, hotel, office, and mixed-use assets, complemented by additional guarantees and covenants.
Legal structure
commercial loans or structures subject to Law 5/2019, always backed by first-ranking mortgage guarantees.
Debt Service
flexible amortization schedules, grace periods, and liquidity mechanisms, tailored to the specifics of each transaction.
Our Team
Specialized team in real estate Private Credit, with technical expertise and operational discipline in every phase of the transaction.
