Bloomberg – Investors in commercial mortgage bonds have grown so tired of waiting for Europe’s market to recover after the financial crisis that they are now lending directly to property developers.
Cheyne Capital Management (UK) LLP and Insight Investment Management Ltd. are among investors making loans. Firms started by former JPMorgan Chase & Co. banker Bill Winters and hedge fund manager Alistair Lumsden are raising money to lend, according to two people familiar with the matter.
