RECON AG Real Estate Consultants

What RECON AG Real Estate Consultants does

RECON AG is a Munich-based real estate financing advisory firm founded in 2021, positioning itself as a "capital architect" that structures and places Senior/Whole Loan, Mezzanine, and Equity financing for German project developers, family offices, and Mittelstand companies across real estate and renewable energy projects. The firm follows a five-step process from acquisition analysis through sale, with reference transactions ranging from EUR 3 million to EUR 55 million across hotel, office, residential, and mixed-use developments. The client base spans capital seekers (developers, family offices, Mittelstand) and capital sources (regional banks, institutional investors, debt funds, family offices), including named relationships with MIB AG, Bethmann Bank, GIEAG Immobilien AG, and Berliner Volksbank eG.

The firm's core technology asset is FinPad, a proprietary digital platform that supports process efficiency, transparency, digital collaboration, document management, and marketplace connectivity across the financing cycle. RECON holds German regulatory licenses including §34c GewO (real estate brokerage, loan brokerage) and §34f GewO (financial assets broker), and operates within a corporate network (Unternehmensverbund) anchored by Berliner Volksbank eG as its largest shareholder, alongside a JV credit fund (KINGSTONE Real Estate Debt) formed with KINGSTONE and PEGASUS. The business is led by a 6-person core team headed by CEO/Co-founder Dr. Marcus Kraft (MRICS, ~25 years real estate finance experience), with leadership bench strength in Johannes Egert (MBA, 20+ years banking) and Kirsten Elhardt (10+ years senior credit analysis).

Revenue is generated primarily through transaction fees for structuring and placing financing deals, supplemented by ongoing advisory and reporting fees. The go-to-market is sales-led and relationship-driven, targeting regional credit institutions and mid-market companies, with deal origination amplified by a logo partner ecosystem that includes Acquirepad, BGA, and finloop. The combination of specialized senior talent, regulatory licensing, embedded bank shareholder alignment, and the FinPad platform underpins a relationship-based origination engine rather than a high-volume or AI-automated model.

Name

RECON AG Real Estate Consultants

Legal name

RECON AG

Website

https://recon.ag

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

RECON AG is a Munich-based real estate financing advisory founded in 2021 that structures and places senior, mezzanine, and equity financing for German project developers, family offices, and Mittelstand companies via its FinPad platform and a corporate network anchored by Berliner Volksbank eG.

Ownership category

akta.pro rank

Product category

Real Estate Financing Advisory

NAICS

Credit Intermediation and Related Activities (522)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

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

akta.pro secondary industry

Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)

Keywords

• Real estate financing advisory
• Debt structuring services
• Capital placement consulting
• Project finance intermediation
• Mittelstand lending advisory

Headquarters

HQ city

Munich

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. Financing Structuring & Placement Services: RECON AG acts as a capital architect and consultant, structuring and placing real estate financing for project developers, family offices, and SMEs. The company connects capital supply and demand to create viable financing structures, earning fees for structuring complex financings, facilitating transactions between capital seekers and capital providers, and providing ongoing advisory and reporting services throughout the financing lifecycle.
2. Capital Source Referral Services: The company supplies pre-vetted, marketable real estate projects with complete documentation to banks, institutional investors, debt funds, and family offices, earning fees for transaction facilitation and deal sourcing.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

RECON AG structures and places real estate financing for project developers, family offices, and mid-market (Mittelstand) companies. The firm connects capital seekers with capital sources — including banks, savings banks, institutional investors, debt funds, and family offices — arranging Senior/Whole Loan, Mezzanine, and equity tranches through a five-step process (Acquisition, Analysis, Structuring, Placement & After Sales, and Sale). Its proprietary FinPad digital platform supports process efficiency, document management, and marketplace connectivity across the financing lifecycle.

Product overview

RECON AG operates as a real estate financing advisory firm offering structured financing solutions. Their primary offering is the FinPad Plattform, an internal software platform that supports process efficiency and transparency throughout the financing cycle. The company connects capital providers with capital seekers, structuring complex financing arrangements including Senior/Whole Loan, Mezzanine, and Equity financing. The FinPad platform enables digital collaboration, document management, and marketplace connectivity as part of their holistic financing services.

Differentiator

Problem solved

Functional benefit

Brands

• FinPad: Digital collaboration, document management, and marketplace connectivity software platform used during the entire financing cycle.

Products and services

• Real Estate Financing Structuring & Placement End-to-end advisory service that designs and places real estate financing structures for project developers, family offices, and Mittelstand companies, spanning acquisition analysis, capital structure design, memorandum preparation, capital provider outreach, negotiation, documentation, drawdown, and ongoing capital-provider reporting.
• Capital Source Deal Origination Deal flow service that supplies pre-screened, marketable real estate projects with complete documentation (memoranda, due diligence) to banks, institutional investors, debt funds, and family offices, enabling faster committee decisions and financing deployment.
• FinPad Platform Proprietary digital collaboration platform used to manage real estate financing workflows, document handling, and connectivity between capital seekers and capital providers during the financing cycle.

Quantifiable outcome

• Reference project financing volumes ranging from EUR 5 million to EUR 55 million across hotel, office, residential, and mixed-use developments.

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Six partnerships are on record, tiered core and minor.

• KINGSTONE Real Estate DebtcoreStrategic or Co-development Partner · 1 January 2021KINGSTONE Real Estate Debt is a joint venture between RECON AG, KINGSTONE, and PEGASUS, forming an affiliated credit fund. This partnership enables RECON to offer integrated debt financing solutions and provides access to dedicated capital for real estate financing transactions.
• KINGSTONEcoreStrategic or Co-development Partner · 1 January 2021KINGSTONE (kingstone-re.com) is a partner in the joint venture that created KINGSTONE Real Estate Debt credit fund, affiliated with RECON AG. KINGSTONE provides real estate debt expertise and market access within the partnership structure.
• PEGASUScoreStrategic or Co-development Partner · 1 January 2021PEGASUS (pegasus-cp.de) is a partner in the joint venture that created KINGSTONE Real Estate Debt credit fund, affiliated with RECON AG. PEGASUS contributes to the real estate debt platform alongside KINGSTONE and RECON.
• AcquirepadminorOthersLogo partner displayed on the company website. Nature of partnership not explicitly detailed but appears to be a commercial or referral relationship in the real estate ecosystem.
• BGA (BGA Invest)minorOthersBGA (bga-invest.de) is displayed as a logo partner on the company website. The nature of the partnership is not explicitly detailed but appears to be a commercial or referral relationship.
• finloopminorOthersfinloop (finloop.com) is displayed as a logo partner on the company website. The nature of the partnership is not explicitly detailed but appears to be a commercial or referral relationship.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• CBRE Capital Markets: Global leader in real estate capital markets including debt advisory and structured financing. Direct functional competitor to RECON for larger and cross-border mandates, though at much greater scale.
• Deutsche Hypo (NORD/LB): Major German commercial real estate lender and Pfandbrief issuer active in CRE financing. Represents one of the capital sources RECON places deals with, and competes for advisory-adjacent mandates from large sponsors.
• Berlin Hyp: Leading German commercial real estate bank focused on large-ticket CRE financing. Competes with and complements RECON's placement activities for institutional borrowers and project developers.
• JLL (Jones Lang LaSalle) Debt & Equity Advisory: Global real estate services firm with a dedicated German debt advisory practice. Overlaps with RECON in real estate capital markets advisory but at significantly larger scale with international placement capabilities.

Regional players

• Interhyp: Germany's largest residential mortgage broker with a strong digital platform. While primarily residential, its scale and intermediation model make it a comparable German financial-services intermediary, though RECON's CRE focus differs from Interhyp's residential emphasis.

Direct peers

• Catella: European real estate capital markets advisor with strong German presence, providing debt advisory, equity placement, and structured financing for real estate transactions. Closely comparable to RECON's positioning between capital seekers and providers in the DACH mid-market.
• REAL I.S. AG: German real estate investment manager (part of BayernLB group) offering fund products and real estate capital markets services. RECON's CEO previously held a leadership role here, and the firms operate in overlapping German CRE capital allocation and advisory segments.
• KINGSTONE Real Estate: German real estate debt specialist and JV partner in KINGSTONE Real Estate Debt. Operates in the same real estate debt structuring and placement space and is structurally linked to RECON through the credit fund joint venture.
• ZBI AG: German real estate asset manager specializing in residential property funds and structured real estate products. RECON's CEO Dr. Marcus Kraft previously held a board role here, and ZBI operates in adjacent real estate capital allocation and structuring activities.

Emerging players

• FERI Family Office: Multi-affiliate family office and investment advisory group in Bad Homburg, serving HNW and family office clients. RECON's Aufsichtsratsvorsitzender Christian Bomhard previously sat in FERI's management, making it both a peer and a relationship node in the family office capital source segment RECON serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/recon-real-estate-consultants

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 RECON AG Real Estate Consultants