Eiendomskreditt
Eiendomskreditt AS is a Bergen-based, privately held Norwegian specialty lender founded in 1997 that finances commercial real estate, residential rental property, and housing cooperative shared debt for property developers, professional landlords, and expanding small businesses, funded primarily through AAA-rated covered bonds.
- Company typePrivate
- Founded1997
- HeadquartersBergen, Norway
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Eiendomskreditt does
Eiendomskreditt AS is a privately held, Bergen-based specialty lender founded in 1997 that finances commercial real estate, residential rental property, and shared debt for housing cooperatives (borettslag) in Norway. Its core product is Næringslån (commercial loans), priced at 3-month NIBOR plus a margin set on a per-borrower basis, with a Grønt Lån (green loan) overlay offering preferential terms for properties meeting energy-efficiency certifications such as A/B energy labels, BREEAM Excellent/Outstanding, LEED Gold/Platinum, or Svanemerke. The company serves property developers, professional landlords, housing cooperative boards, and expanding small businesses requiring financing structures beyond standard bank offerings, supported by a direct sales model with a guaranteed 24-hour response and dedicated personal advisors.
The business is funded primarily through covered bonds (Obligasjoner med fortrinnsrett / OMF) listed on Nordic ABM at Oslo Børs, with individual programs sized from NOK 250M to NOK 950M, complemented by senior unsecured bonds, subordinated bonds, and ICMA-aligned green bonds. OMF issuance carries AAA ratings from both S&P Global Ratings and Nordic Credit Rating, while the issuer carries BBB-/BBB ratings. A 40.9% ownership stake held by 46 Norwegian savings and commercial banks, alongside majority owner R Transit AS (49.1%) and KLK Kreditt AS (10%), underwrites a tightly aligned distribution and origination network.
Operationally, Eiendomskreditt is currently replacing its legacy core systems with a cloud-native stack combining Mambu's SaaS core banking engine and Knowit's BankConnect integration platform for loan origination, product configuration, credit handling, and portfolio management. The Connect Hub digital customer platform (powered by Smarketing AS) provides structured customer relationship workflows, while Advania Norge AS handles IT operations and Banqsoft AS supports customer and loan management. The firm holds Miljøfyrtårn environmental certification, is GDPR/Åpenhetsloven-compliant, and is subject to a 1.3% Pilar 2 capital requirement from Finanstilsynet.
Eiendomskreditt firmographics
Firmographics- Name
- Eiendomskreditt
- Legal name
- Eiendomskreditt AS
- Website
- https://eiendomskreditt.no
- Company type
- Private
- Founded year
- 1997
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Eiendomskreditt AS is a Bergen-based, privately held Norwegian specialty lender founded in 1997 that finances commercial real estate, residential rental property, and housing cooperative shared debt for property developers, professional landlords, and expanding small businesses, funded primarily through AAA-rated covered bonds.
- Ownership category
- akta.pro rank
Eiendomskreditt industry classification
Industry- Product category
- Commercial Real Estate Lending
- NAICS
- Real Estate Credit (522292)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Construction & Development (C&D) Lending — Commercial/Multifamily (FSALADAH)
- akta.pro secondary industry
- Private Credit / Direct Lending (FSAAAHAG)
Keywords
Where Eiendomskreditt is headquartered
LocationHeadquarters
- HQ city
- Bergen
- HQ country
- Norway
- HQ region
- Europe
Offices1 record
Markets served
Eiendomskreditt business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Interest Income from Commercial Property Loans: Primary revenue from interest income on commercial real estate loans, residential rental property financing, and shared debt for housing cooperatives. Interest rates are typically 3-month NIBOR plus margin.
- Covered Bond Issuance (OMF): Issues covered bonds with preferential rights (Obligasjoner med fortrinnsrett - OMF) as primary funding source. Bonds are listed on Nordic ABM (Oslo Børs). Multiple bond programs with amounts ranging from NOK 250M to 950M.
- Green Bond Issuance: Issues green bonds under ICMA Green Bond Principles framework to finance energy-efficient commercial properties. Supported by Sustainalytics second-party opinion and Multiconsult verification.
- Senior and Subordinated Bond Issuance: Issues senior unsecured bonds and subordinated bonds (fondsobligasjoner) as additional funding instruments. Includes ansvarlig lån (subordinated loans).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Individual assessment based on NIBOR + margin model |
| Subscription | Multi-year contract | Green loans with preferential pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Eiendomskreditt product offering
Product offeringCore offering
Eiendomskreditt provides commercial real estate financing in Norway through Næringslån (commercial loans) targeting property developers, professional landlords, housing cooperatives, and small growing businesses. Its core lending activity covers financing of commercial properties, rental housing, and shared debt (fellesgjeld) for housing cooperatives, with rates set as 3-month NIBOR plus a margin. The company supplements its lending with Grønt Lån (green loans) offering preferential terms for energy-efficient properties and funds its operations via Grønne Obligasjoner (green bonds) issued under ICMA Green Bond Principles.
Product overview
Eiendomskreditt offers a focused portfolio of commercial real estate financing products, centered on Næringslån (Commercial Loans) as the core offering, with Grønt Lån (Green Loans) as a sustainability-linked add-on providing preferential rates for energy-efficient properties. The company funds its operations partly through Grønne Obligasjoner (Green Bonds) issued under ICMA principles. Connect Hub serves as the digital customer platform for relationship management and communication.
Differentiator
Problem solved
Functional benefit
Products and services
- Næringslån (Commercial Loans) Financing for commercial properties, rental housing, and shared debt (fellesgjeld) for housing cooperatives in Norway. Provides flexible financing solutions for property developers, professional landlords, housing cooperatives, and small growing businesses with 24-hour response guarantee, personal advisory services throughout the financing process and loan term, and interest rates set as 3-month NIBOR plus margin individually assessed by property type and loan-to-value ratio.
- Grønt Lån (Green Loans) Preferential loan terms for green buildings and energy efficiency measures. Offers better interest rates for properties meeting ESG criteria including A/B energy labels, BREEAM Excellent/Outstanding, LEED Gold/Platinum, or Svanemerke certifications. Environmental profile of the property is considered when determining interest rates.
- Grønne Obligasjoner (Green Bonds) Green bond issuance program aligned with ICMA's Green Bond Principles for institutional investors, financing sustainable commercial properties and energy-efficient buildings. Supported by Sustainalytics second-party opinion and Multiconsult verification report 'Green Norwegian Buildings'. Bonds are listed on Oslo Børs Nordic ABM.
Quantifiable outcome
- 24-hour response guarantee for loan applications
- +1 more outcomes
Companies that use Eiendomskreditt
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles5 records
Eiendomskreditt technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Eiendomskreditt partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and strategic.
- KnowitcoreKnowit serves as the lead system integrator for Eiendomskreditt's core banking modernization. Knowit's BankConnect platform handles loan origination, product configuration, credit handling and portfolio management, customized for Norwegian financial regulatory requirements.
- MambucoreMambu provides its SaaS-based core banking engine for the cloud-native platform replacement. The modern core banking system aims to reduce manual workloads, improve data quality, and enable real-time data processing.
- Nordic Trustee ASAcoreNordic Trustee ASA serves as trustee (tilitsmann) for all of Eiendomskreditt's certificate and bond loans. The trustee safeguards lenders' rights according to loan agreement terms.
- S&P Global RatingscoreCredit rating agency providing BBB- issuer rating and AAA rating for covered bonds. Has rated Eiendomskreditt since 2014, providing independent credit assessments.
- Nordic Credit RatingcoreRegional credit rating agency providing BBB issuer rating and AAA rating for covered bonds. Has rated Eiendomskreditt since 2023, complementing international ratings.
- SustainalyticsstrategicIndependent second-party opinion provider for Eiendomskreditt's Green Bond Framework, verifying alignment with ICMA Green Bond Principles.
- MulticonsultstrategicProvided verification report 'Green Norwegian Buildings' for the green bond framework, assessing energy efficiency and sustainability criteria.
- Norwegian Banks and Financial InstitutionsstrategicCollaboration with local and regional savings banks, niche banks, and specialized financial institutions. Partnership is adapted to each partner's structure, customer segments and risk profile, providing complementary property financing solutions.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Eiendomskreditt competitors and assessment
Company assessmentDirect peers
- Pareto Bank: Pareto Bank is a Norwegian niche commercial bank focused on corporate lending, real estate finance, and investment banking services. It is directly comparable as a Norwegian specialty lender targeting similar commercial real estate, corporate, and high-net-worth client segments.
- BN Bank: BN Bank is a Norwegian niche savings bank focused on real estate financing and deposit products, serving similar customer segments in Norwegian commercial and residential property markets. Comparable in product scope and target customer base.
- Brage Finans: Brage Finans is a Norwegian niche lender providing commercial real estate and corporate financing. It competes for similar Norwegian SME and CRE lending relationships and shares the small-headcount, specialized-lender profile of Eiendomskreditt.
- KLP Banken: KLP Banken is the banking arm of Norway's largest pension provider, offering residential mortgages and niche corporate lending. Comparable as a Norwegian niche bank with similar regulatory profile and overlap in property-related lending products.
- Aktiv Bank: Aktiv Bank (formerly Skandiabanken/EnterCard-adjacent) is a Norwegian niche bank serving consumer and small-business customers. Comparable as another small Norwegian bank competitor operating in specialty lending segments with similar scale.
- OBOS Banken: OBOS Banken is a Norwegian niche bank closely tied to the OBOS housing cooperative ecosystem, providing mortgages and shared-debt financing for borettslag — directly overlapping with Eiendomskreditt's housing cooperative segment and Norwegian residential lending focus.
Regional players
- Sveafastigheter: Sveafastigheter is a Swedish real estate investment and lending firm providing financing for Nordic property transactions. Comparable as a Nordic specialty real estate lender, though operating primarily in Sweden rather than Norway.
- Sparebanken Sør: Sparebanken Sør is a regional Norwegian savings bank providing corporate and real estate lending in southern Norway. Comparable as a regional competitor in the broader Norwegian CRE lending market, though operating in a different geographic territory than Eiendomskreditt's primary Bergen base.
Broad incumbents
- Sparebanken Vest: Sparebanken Vest is a major Norwegian savings bank headquartered in Bergen with broad retail and commercial banking including real estate lending. It is Eiendomskreditt's geographic hometown peer and competes for similar West Norway CRE customers, though at significantly larger scale.
- DNB Bank: DNB is Norway's largest financial services group, offering comprehensive corporate, retail, and real estate lending. As the dominant incumbent, DNB sets the competitive baseline for CRE financing in Norway against which Eiendomskreditt differentiates on speed and specialization.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Eiendomskreditt social profiles
Digital presenceEiendomskreditt compliance and trust
Trust signalCompliance3 records
Eiendomskreditt financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eiendomskreditt leadership team
Management profileNumber of profiles
Profiles8 records
Eiendomskreditt funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eiendomskreditt 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 Eiendomskreditt
What does Eiendomskreditt do?
Eiendomskreditt provides commercial real estate financing in Norway through Næringslån (commercial loans) targeting property developers, professional landlords, housing cooperatives, and small growing businesses. Its core lending activity covers financing of commercial properties, rental housing, and shared debt (fellesgjeld) for housing cooperatives, with rates set as 3-month NIBOR plus a margin. The company supplements its lending with Grønt Lån (green loans) offering preferential terms for energy-efficient properties and funds its operations via Grønne Obligasjoner (green bonds) issued under ICMA Green Bond Principles.
Is Eiendomskreditt a public or private company?
Eiendomskreditt is a private company. It is classified as corporate owned and is currently operating.
When was Eiendomskreditt founded?
Eiendomskreditt was founded in 1997. It employs 11 to 50 people.
Where is Eiendomskreditt based?
Eiendomskreditt is headquartered in Bergen, Norway, in the Europe region.
How does Eiendomskreditt make money?
Four revenue lines are on record. Interest Income from Commercial Property Loans are the primary driver. The others are covered Bond Issuance (OMF), green Bond Issuance and senior and Subordinated Bond Issuance.
Who are Eiendomskreditt's main competitors?
Direct peers on record are Pareto Bank, BN Bank, Brage Finans, KLP Banken, Aktiv Bank and OBOS Banken. Regional players are Sveafastigheter and Sparebanken Sør. Broad incumbents are Sparebanken Vest and DNB Bank.
Does Eiendomskreditt have an API?
No public API is recorded for Eiendomskreditt.
What industry is Eiendomskreditt in?
Eiendomskreditt's product category is Commercial Real Estate Lending. Its primary akta.pro industry code is FSALADAH, Construction & Development (C&D) Lending — Commercial/Multifamily, with a secondary code of FSAAAHAG, Private Credit / Direct Lending. Its NAICS code is 522292 and its SIC code is 6162.