Heimdal Nordic
Heimdal Nordic is a Copenhagen-based boutique corporate finance firm specializing in credit and real estate financing in the Nordic region. It serves institutional investors, banks, and real estate companies with capital sourcing, loan servicing, and NPL management.
- Company typePrivate
- Founded2017
- HeadquartersCopenhagen, Denmark
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Heimdal Nordic does
Heimdal Nordic is a boutique corporate finance advisory firm founded in 2017 in Copenhagen, Denmark, by Peter Lilja following his tenure heading Situs Nordic Services. The firm focuses exclusively on credit and real estate financing in the Nordic region, serving three primary institutional client segments: investors and capital providers, financial institutions and banks, and real estate companies. Its integrated service platform spans the full credit lifecycle, including Corporate Finance (capital sourcing across equity, senior, junior, and mezzanine tranches), Sourcing (loan origination and credit analysis), Special Servicing (non-performing loan management and restructuring), Asset Management (loan monitoring, risk assessment, and collateral review), Advisory (transaction due diligence), Primary Servicing (cash management, KYC, covenant monitoring), and Policies and Processes (credit policy consulting).
The firm's value proposition rests on a network of local and international investors and lenders built over decades, combined with a senior team of 12 professionals drawn from Situs Nordic Services, HSH Nordbank, Realkredit Danmark, Eurohypo, and LNR Partners. The team has 30+ years of combined financial sector experience, with 17 years focused specifically on Nordic, Baltic, and German real estate financing. Track record includes handling more than DKK 30 billion of non-performing and non-core loans and reviewing real estate and loan portfolios totaling more than DKK 35 billion over the past decade. Operations are delivered through dedicated offices in Copenhagen and Helsinki, with no external institutional funding and founder-led ownership.
The business model is professional services fees on a bespoke, case-by-case basis under multi-year contracts, with revenue streams spanning advisory, underwriting, and managed servicing. The firm operates an enterprise field-sales motion leveraging senior team relationships rather than marketing-driven lead generation, targeting institutional clients in the Nordic real estate credit market.
Heimdal Nordic firmographics
Firmographics- Name
- Heimdal Nordic
- Legal name
- Heimdal Nordic ApS
- Website
- https://heimdalnordic.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Heimdal Nordic is a Copenhagen-based boutique corporate finance firm specializing in credit and real estate financing in the Nordic region. It serves institutional investors, banks, and real estate companies with capital sourcing, loan servicing, and NPL management.
- Ownership category
- akta.pro rank
Heimdal Nordic industry classification
Industry- Product category
- Corporate Finance Advisory
- NAICS
- Mortgage and Nonmortgage Loan Brokers (52231), Credit Intermediation and Related Activities (522), Portfolio Management and Investment Advice (523940)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163), Investment Advice (6282)
- akta.pro primary industry
- Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)
- akta.pro secondary industries
- Real Estate Restructuring, Turnaround & Workout Advisory (Distressed Assets) (BPAJANAH), Real Estate Debt & Mortgage Strategies (FSAAAKAC), Home Equity Loan & HELOC Intermediation (FSAEAEAD), Home Equity Loan/HELOC Risk Management & Loss Mitigation (Delinquency, Collections, Charge-offs) (FSALAGAG)
Keywords
Where Heimdal Nordic is headquartered
LocationHeadquarters
- HQ city
- Copenhagen
- HQ country
- Denmark
- HQ region
- Europe
Offices2 records
Markets served
Heimdal Nordic business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Corporate Finance Advisory: Fee-based advisory services for capital raising (equity, senior/junior/mezzanine), debt structuring, loan documentation negotiations, and disbursement preparation
- Loan Sourcing and Underwriting: Screening, origination, credit analysis, and underwriting services supporting loan transactions
- Special Servicing: Active management of non-performing loans including restructuring negotiations with borrowers and stakeholders
- Asset Management: Active monitoring and management of individual loans and transactions including reporting, risk assessment, and collateral review
- Primary Servicing: Cash management and regular reporting including KYC checks, payments, debt tracking, and covenant monitoring
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Bespoke corporate finance services |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels1 record
Heimdal Nordic product offering
Product offeringCore offering
Heimdal Nordic is a boutique corporate finance firm providing capital sourcing, debt structuring, special servicing, asset management, advisory, primary servicing, and credit policy consulting services focused on the credit and real estate industry in the Nordic region. The firm sources equity, senior, junior, and mezzanine capital for investment, sale, or re-financing, and manages the full lifecycle of real estate loans from origination through to the workout of non-performing exposures.
Product overview
Heimdal Nordic is a boutique Corporate Finance firm offering a comprehensive suite of financial services focused on the credit and real estate industry in the Nordic region. The company's service portfolio consists of seven integrated offerings: Corporate Finance (capital sourcing and debt structuring), Sourcing (loan origination and credit analysis), Special Servicing (NPL management and restructuring), Asset Management (loan monitoring and risk assessment), Advisory (transaction due diligence), Primary Servicing (cash management and reporting), and Policies and Processes (credit policy consulting). These services are delivered through an integrated approach, leveraging the team's extensive network of local and international investors and lenders to handle the full lifecycle of real estate financing, from origination through workout of non-performing loans.
Differentiator
Problem solved
Functional benefit
Products and services
- Corporate Finance Capital sourcing service (equity or senior/junior/mezzanine) for investment, sale, or re-financing purposes, including debt structuring, loan documentation negotiations, and disbursement preparation with compliance support. Intended for institutional investors, lenders, and real estate companies operating in the Nordic credit and real estate market.
- Sourcing Screening and origination of new cases with credit analysis and decision-making support, including term negotiations, loan documentation review, and KYC and disbursement follow-up. For institutional investors and lenders seeking Nordic real estate and credit exposure.
- Special Servicing Active management of non-performing loans and transactions to minimize risk and losses, including restructuring negotiations with borrowers and stakeholders. For banks and financial institutions with Nordic NPL and non-core loan exposures.
- Asset Management Active monitoring and management of individual loans and transactions including ongoing reporting, risk assessment, early warning systems, collateral review, and borrower and stakeholder contact. For investors and lenders with Nordic real estate loan portfolios.
- Advisory Ad-hoc credit review and due diligence support for purchase or sale transactions of loans, assets, or portfolios. For institutional clients evaluating Nordic credit and real estate transactions.
- Primary Servicing Cash management and regular reporting services including KYC checks, payments tracking, outstanding debt monitoring, interest and instalment management, arrears follow-up, and covenant and condition subsequent monitoring. For banks, investors, and lenders requiring ongoing loan administration in the Nordics.
- Policies and Processes Assistance and consulting on credit policies and processes, including internal guidelines, reporting frameworks, and valuation methodologies. For financial institutions building or refining credit policy and governance in the Nordic real estate space.
Quantifiable outcome
- Handled DKK 30+ billion of non-performing and non-core loans
- +1 more outcomes
Companies that use Heimdal Nordic
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Heimdal Nordic technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Heimdal Nordic partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- UN Sustainable Development GoalscoreHeimdal Nordic supports the UN Sustainable Development Goals and has adopted the 10 Principles of the UN Global Compact as part of their ESG policy framework
Scale indicators4 records
Recent moves5 records
Expansion highlights4 records
Heimdal Nordic competitors and assessment
Company assessmentDirect peers
- Catella: Nordic-headquartered financial advisor and asset manager with strong real estate capital markets and advisory practices. Comparable Nordic CRE advisory franchise with capital sourcing and restructuring capabilities.
- SitusAMC: Global CRE advisory, servicing, and asset management firm — the direct predecessor to much of Heimdal's team and operating model. Both firms provide loan servicing, special servicing, and CRE advisory to investors and lenders.
- Newsec: Major Nordic real estate advisory and asset manager with capital markets, valuation, and transaction services. Comparable Nordic CRE advisory competitor serving similar institutional clients.
- LNR Partners Europe: European CRE special servicer with strong NPL workout capability. Comparable to Heimdal on restructuring and special servicing mandates for institutional lenders.
- Hatfield Philips International: European CRE special servicer and NPL workout advisor. Direct overlap with Heimdal's special servicing and NPL restructuring practices, particularly across UK and European CRE debt.
Broad incumbents
- Deloitte Real Estate Advisory: Big Four advisory practice with real estate restructuring and corporate finance services. Comparable on distressed asset advisory, due diligence, and lender-side consulting.
- Cushman & Wakefield: Global CRE services firm with Nordic capital markets and debt advisory practices. Overlaps on debt advisory, restructuring, and investor sourcing but operates at much larger scale across many service lines.
- JLL (Jones Lang LaSalle) Capital Markets: Global CRE services firm with significant Nordic debt advisory and capital markets presence. Competes on debt placement, restructuring, and real estate investment advisory mandates.
- CBRE Capital Markets: Global CRE services firm with Nordic debt and structured finance teams. Overlaps on real estate capital markets advisory and loan servicing for institutional clients.
- PwC Real Estate Advisory: Big Four real estate advisory practice covering transactions, restructuring, and debt advisory. Overlaps with Heimdal's lender-side advisory and workout mandates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Heimdal Nordic social profiles
Digital presenceHeimdal Nordic financial estimates
Financial estimateRevenue estimate
Valuation estimate
Heimdal Nordic leadership team
Management profileNumber of profiles
Profiles12 records
Heimdal Nordic funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Heimdal Nordic M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Heimdal Nordic
What does Heimdal Nordic do?
Heimdal Nordic is a boutique corporate finance firm providing capital sourcing, debt structuring, special servicing, asset management, advisory, primary servicing, and credit policy consulting services focused on the credit and real estate industry in the Nordic region. The firm sources equity, senior, junior, and mezzanine capital for investment, sale, or re-financing, and manages the full lifecycle of real estate loans from origination through to the workout of non-performing exposures.
Is Heimdal Nordic a public or private company?
Heimdal Nordic is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Heimdal Nordic founded?
Heimdal Nordic was founded in 2017. It employs 11 to 50 people.
Where is Heimdal Nordic based?
Heimdal Nordic is headquartered in Copenhagen, Denmark, in the Europe region.
How does Heimdal Nordic make money?
Five revenue lines are on record. Corporate Finance Advisory is the primary driver. The others are loan Sourcing and Underwriting, special Servicing, asset Management and primary Servicing.
Who are Heimdal Nordic's main competitors?
Direct peers on record are Catella, SitusAMC, Newsec, LNR Partners Europe and Hatfield Philips International. Broad incumbents are Deloitte Real Estate Advisory, Cushman & Wakefield, JLL (Jones Lang LaSalle) Capital Markets, CBRE Capital Markets and PwC Real Estate Advisory.
Does Heimdal Nordic have an API?
No public API is recorded for Heimdal Nordic.
What industry is Heimdal Nordic in?
Heimdal Nordic's product category is Corporate Finance Advisory. Its primary akta.pro industry code is BPAJANAE, Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing), with a secondary code of BPAJANAH, Real Estate Restructuring, Turnaround & Workout Advisory (Distressed Assets). Its NAICS code is 52231 and its SIC code is 6162.