Credit
UNION Credit
As the first fund manager in Norway, UNION has been granted approval to establish funds within Private Debt. The new product will offer private and tailored financing solutions to real estate entities within the Nordic region. UNION Credit blends a proven track record in real estate with profound expertise in credit and understanding of customer needs.
The fund offers several advantages for customers:
- The mandate provides significant flexibility on loan structures, surpassing that of other debt providers. This includes sub-ordinated loans and allowing proceeds to serve various purposes.
- The portfolio will predominantly consist of secured direct loans. For borrowers, this entails private processes and a single known counterparty throughout the loan term.
- The funds’ adaptable structure enables us to offer highly customized solutions for refinancing. Moreover, we offer liquidity loans, bridge facilities and project finance when needed.
Our intuition is to collaborate with banks and participate in joint loan structures to enhance the leverage-ratio beyond what traditional bank- and bond financing offers.
The fund will focus on lending to a wide range of commercial real estate, focusing on liquid assets in Norway’s urban centers. Additionally, we commit to being a steadfast, long-term partner and a beneficial contributor to our clients.
Feel free to get in touch if you’re interested in learning more about the opportunities available for your company!
UREC
UNION REAL ESTATE CREDIT
UREC
Fund: UNION REAL ESTATE CREDIT
Vintage: 2024
Phase: ELTIF certified | Under establishement
Market: Nordics
Christoffer Hæhre
Partner / Managing director
Christoffer Hæhre is managing director within real estate credit. He comes from the position as Director, Investment Banking in Carnegie. Prior to this he worked with bond origination in Fearnley Securities and was also a key member in the establishment of the Debt Capital Markets (DCM) department in SpareBank 1 Markets. Christoffer started his career at SEB within commercial real estate financing. He holds a Master of Science in Finance from Strathclyde Business School in Scotland.
Erik Mjøs
Associate
Erik Mjøs is an Associate within real estate credit. He comes from the Investment Banking division of Carnegie where he worked on transactions within private and public debt, equity placements, and M&A advisory. In addition, Erik has internship experience from Fearnley Securities, Rystad Energy and Hydro. He holds a Master of Science in Business Administration with a specialization in Finance from the Norwegian School of Economics (NHH).
Sverre Albech
Analyst
Sverre Albech is an Analyst in the credit fund and came from the of Trainee program in 2021/2022. He has previous experience in banking and insurance, and most recently completed a summer internship in the finance department of NorgesGruppen. Sverre holds a master's degree in economics from Copenhagen Business School, with a specialization in finance and strategy.
Endre Folge
CEO UNION Group / Partner
Endre Folge is partner and CEO of UNION Group. He joined UNION from the position of CFO and Chief Investment Officer at the HitecVision-owned industrial group Moreld. Prior to that, he held the position as Partner at HitecVision as well as several M&A leadership roles at Aker Solutions and Aker ASA. Endre started his career in M&A advisory at UBS Investment Bank in Zurich and London. He holds a Master of Science in Business Administration and Economics from The University of St. Gallen, Switzerland.
Øystein A Landvik
Partner / COB UNION Group
Øystein A. Landvik is founding partner, and chairman of UNION group. He has more than 40 years of experience from real estate, investing and brokerage, including the establishment of UNION as, a commercial real estate brokerage and development firm in 1984.
Øystein is IC-member of UNION’s commercial property residential development and private debt funds.Mr. Landvik is a certified commercial investment member (CCIM).
Bjørn Henningsen
Partner
Bjørn is founding partner of UNION Asset Management (est. 2004). He has 36 years of experience in real estate investing, incl. 12 years with the predecessor of the corporate bank DNB as credit banker and credit committee member in the real estate division. Bjørn serves on the board of a number of company's in UNION's fund portfolios. Bjørn is IC-member of UNION’s commercial property and private debt funds. Bjørn earned his master degree at Heriot-Watt University, Scotland.
