An annual review on alternative lending

This year’s FAP Real Estate Private Debt Report Germany 2025 clearly shows: the market for alternative real estate financing is gaining momentum. While mezzanine capital remains a niche product, whole loans have established themselves as flexible alternatives to traditional bank financing.

The report highlights how investor interest, financing strategies, and asset classes have evolved over the past year. Gain a current and uniquely comprehensive overview of the entire German market for alternative financing.