Our philosophy
Protected positions with Real Estate collaterals
Protected positions with Real Estate collaterals
Capital protection
Senior and Mezzanine asset-backed positions
Our investments strategy centers around senior and mezzanine positions with real estate collaterals.
Mezzanine positions fall between sponsor's equity and senior debt in the waterfall of payments, while senior positions take the highest priority of payments, replacing (or complementing) bank financing.
Geographies
Off-market Private Real Estate deals in selected European geographies
Our investment focus lies in Switzerland, Italy, Spain and Portugal, geographies where we have a solid local presence and strong ties with real estate developers, equity investors and institutional asset managers.
Asset classes
Real Estate projects at different stages, across all asset classes
Our pipeline of selected off-market deals includes new constructions, refurbishment projects and income generating properties, with a particular focus on high-end, luxury developments, which can prove resilient in turbulent times.
We consider Real Estate projects at different stages (Core+, Value Add and Opportunistic), across all asset classes, spanning from Residential to Hospitality, also including Logistics, Commercial, Office and Retail.
Hospitality
Commercial
Residential
Opportunistic
Special Situation
Value Add
case study I
Senior loan to finance the development of a luxury hospitality asset in Priorat, Spain
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Senior loan to finance the development of luxury 5* Hotel in the renowned region of Priorat, one of Spain’s best wine regions.
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Top-tier Equity Sponsor, world specialist in the development and management of luxury hotels worldwide and particularly in Spain.
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An institutional collateral package for YELDO investors, including a first-lien mortgage on the asset.
Senior Loan
Mas d'en Bruno - Luxury Hospitality Development in Priorat
Maturity Date
24 months
Loan-To-Value
35%
Distribution
Quarterly
Raised amount
EUR 9,000,000
Mezzanine Loan
Rovello 14 - Mezzanine loan on luxury residential development in Milan
Maturity Date
30 months
Loan-To-Value
61%
Distribution
At maturity
Raised amount
EUR 8,600,000
Senior Debt
Varedo, ex SNIA - Requalification and use conversion of industrial Lot
Maturity Date
12 months
Loan-To-Value
24.4%
Distribution
At maturity
Raised amount
EUR 5,000,000
Secured Mezzanine Loan
Louis-Casaï - Hospitality Asset in Meyrin Genève
Maturity Date
48 months
Loan-To-Value
46%
Distribution
Quarterly
Raised amount
CHF 2,500,000
Performance
Our Track Record and Performance
Since 2019, YELDO investments have performed in line with or above targets.
EUR 850m +
Total transacted value
34
Financed deals
14.6%
Historical IRR
10
Exited deals