FAP Group

What FAP Group does

FAP Group GmbH is a Berlin-based, privately held real estate finance and investment platform founded in 2005. The firm operates through two wholly-owned subsidiaries: FAP Finance GmbH, which provides debt advisory and capital-partner matchmaking for real estate borrowers, and FAP Invest GmbH, which manages debt investment vehicles for institutional capital providers. Across both arms, FAP structures Senior Loans, Whole Loans, Junior and Mezzanine Financing, and Preferred Equity Loans for all real estate asset classes, and over a 20-year track record it reports facilitating approximately €18bn in debt capital for clients including KKR, Velero, Bluerock, Primus, redos, Madison, CV Real Estate AG, and WERTCO/WERTCONCEPT.

The platform is anchored by an integrated borrower-lender model and a long-running market-research franchise: the annual FAP Real Estate Private Debt Report Germany has been published since 2015 (the Mezzanine Report lineage). In April 2026, the group launched REDDI, an AI-enabled platform for data-driven Real Estate Debt Data Intelligence, signaling a move toward a recurring data/insights product surface. The firm holds UNPRI signatory status, applies SFDR disclosure frameworks (including a 2023 conversion of FAP BREF I into an evergreen, Article 9-classified vehicle), and aligns its code of conduct with RICS professional standards. FAP maintains a single Berlin headquarters (Lietzenburger Strasse 51), runs an 11-50 person team, and is led by Managing Partners Curth-C. Flatow and Hanno Kowalski.

Revenue is generated through three streams: advisory and arrangement fees from FAP Finance mandates, management and performance fees on debt fund and credit vehicles under FAP Invest, and transaction fees on Whole Loan Programs. The go-to-market is sales-led, targeting institutional and professional real estate clients in Europe through direct advisory relationships, industry event presence (Real Estate Finance Day, Frankfurt School Real Estate Day, Quo Vadis), thought-leadership content, and a partnership with Targa Communications as the main cooperation partner of the flagship Real Estate Finance Day. Pricing is individually negotiated and not publicly disclosed.

Name

FAP Group

Legal name

FAP Group GmbH

Website

https://fap-group.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

FAP Group is a Berlin-based real estate finance and investment platform founded in 2005, operating through FAP Finance (debt advisory for borrowers) and FAP Invest (investment management for lenders). It has facilitated €18bn in debt capital over 20 years, serving institutional real estate clients across Europe.

Ownership category

akta.pro rank

Product category

Real Estate Debt Advisory & Investment Management

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Portfolio Management and Investment Advice (523940)

SIC

Loan Brokers (6163), Investment Advice (6282)

akta.pro primary industry

Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

akta.pro secondary industries

Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD), Debt Advisory & Financing Advisory (FSAEAGAD), Real Estate Private Credit (CRE Debt) (FSANADAG)

Keywords

• Real estate debt advisory
• Debt investment management
• Mezzanine financing
• Real estate loan structuring
• Alternative real estate finance

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Debt Advisory Services: Advisory fees for structuring and arranging financing for borrowers, including Senior Loans, Whole Loans, Junior & Mezzanine Financing, and Preferred Equity Loans
2. Investment Management: Management fees and performance fees from managing debt funds and investment vehicles for institutional investors
3. Whole Loan Programs: Arrangement and structuring of whole loan financing programs

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

FAP Group provides debt advisory and debt investment management services for real estate. Through FAP Finance, it advises borrowers on financing structures and arranges capital partners from an international network, delivering Senior Loans, Whole Loans, Junior & Mezzanine Financing, and Preferred Equity Loans across all asset classes. Through FAP Invest, it offers institutional lenders and debt investors access to individual financings and managed debt funds spanning Senior to Mezzanine risk/return profiles.

Product overview

FAP Group operates as an integrated real estate finance and investment platform combining two main business units: FAP Finance (debt advisory for borrowers) and FAP Invest (investment access for lenders). The platform offers financing solutions including Senior Loans, Mezzanine Financing, and Whole Loans, and manages debt funds. The company also publishes the annual FAP Real Estate Private Debt Report Germany, a comprehensive market analysis. In 2026, the company launched REDDI, an AI-enabled platform for Real Estate Debt Data Intelligence. With 20 years of track record and €18bn of arranged debt capital, the platform serves both borrowers seeking financing and investors seeking debt investment opportunities.

Differentiator

Problem solved

Functional benefit

Brands

• REDDI: AI-enabled platform for data-driven Real Estate Debt Data Intelligence launched April 2026
• FAP Real Estate Private Debt Report Germany

Products and services

• FAP Finance Debt advisory service for real estate borrowers that provides structuring advice and arranges capital partners from FAP's international network. Offers Senior Loans, Whole Loans, Junior & Mezzanine Financing, and Preferred Equity Loans across all real estate asset classes, or delivers financing via vehicles initiated by FAP Invest.
• FAP Invest Debt investment platform for capital providers giving access to financing opportunities from the FAP network, including individual financings and debt funds with risk/return profiles ranging from Senior Loans & Whole Loans to Mezzanine Financing.
• REDDI - Real Estate Debt Data Intelligence AI-enabled platform for data-driven Real Estate Debt Data Intelligence, providing technology-driven market analytics to support real estate debt advisory and investment decisions.
• FAP Real Estate Private Debt Report Germany Annual comprehensive review of the German alternative real estate financing market, covering asset classes, available capital tranches, financing terms, interest rate expectations, and security mechanisms. Published annually since 2015, with an associated Mezzanine Report series.
• Whole Loan Program Billion-euro Whole Loan arrangement and structuring program providing borrowers with single-lender whole-loan financing solutions.
• FAP Balanced Real Estate Financing I (Mezzanine Fund) Managed real estate mezzanine debt fund providing institutional investors with exposure to alternative real estate financing originated through FAP's network.
• FAP BREF I Debt Fonds (Article 9 / Evergreen Fund) Evergreen-structured debt fonds under Article 9 of SFDR, providing institutional investors SFDR/Article 9-aligned real estate debt exposure managed by FAP Invest.

Quantifiable outcome

• €18bn debt capital facilitated over 20 years
• +2 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Targa CommunicationscoreGTM or Marketing Partner · 13 November 2025Targa Communications organizes the annual Real Estate Finance Day conference, with FAP as main cooperation partner. FAP presents its Real Estate Private Debt Report at these events.
• Frankfurt School of Finance & ManagementcoreStrategic or Co-development Partner · 11 September 2025Cooperation partner for the Frankfurt School Real Estate Day, including Career Day with students and specialist conference with industry leaders.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Helaba (Landesbank Hessen-Thüringen): German Landesbank with a substantial CRE lending franchise. Comparable as both a capital provider and competitor in arranging senior and structured real estate debt in Germany.
• Cushman & Wakefield Capital Markets: Global real estate services firm's debt advisory and capital markets business. Comparable to FAP Finance as one of the larger players arranging CRE financing in Europe.
• Patrizia: European real estate investment manager with debt strategies and institutional fund products. Comparable to FAP Invest side given its German/European footprint and CRE debt fund offerings.
• Berlin Hyp: German specialized mortgage bank focused on commercial real estate lending. Comparable as a balance-sheet CRE lender participating in many of the same financing arrangements FAP structures.
• pbb Deutsche Pfandbriefbank: Leading German commercial real estate lender with significant European origination. Comparable as a senior CRE debt provider that competes with and completes financing structures arranged by FAP.

Emerging players

• Interhyp / Hypoport: German real estate / mortgage finance platform with intermediation and B2B brokerage components. Comparable emerging digital infrastructure play for credit intermediation, though primarily residential rather than CRE.

Direct peers

• JLL Debt & Structured Finance: Capital Markets arm of JLL placing real estate debt across European markets. Comparable because it competes for the same institutional borrower mandates and arranges senior/mezzanine financing similar to FAP Finance.
• Catella Real Estate Debt: European CRE investment manager and debt advisor running debt funds and origination mandates. Closely comparable business model to FAP combining advisory origination with managed debt investment vehicles.
• Eastdil Secured: Real estate investment bank focused on large-cap debt placement and structured financing. Comparable to FAP on the structured / whole-loan side for institutional real estate sponsors in Europe.
• CBRE Capital Advisors: Global real estate services firm's debt and structured finance advisory arm. Directly comparable to FAP Finance given its focus on arranging senior, whole, and mezzanine debt for European real estate borrowers alongside investment sales.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fap-group

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FAP Group