Andrea Pittaluga is a Senior Director in Debt & Structured Finance Europe at CBRE Capital Advisors, London. Debt & Structured Finance is the arm of Capital Advisors where the core activity consists of sourcing, advising and structuring senior and mezzanine debt for borrowers/ sponsors. Before joining CBRE in November 2016, Andrea was a Director in the Real Estate Finance team at Lloyds Bank, covering private equity and institutional funds. In this role he was responsible for originating, structuring and restructuring loans and devleoping debt distributing strategies. Prior to Lloyds Bank, Andrea was a Director at StormHarbour Securities, where he was responsible for sourcing and executing debt solutions for borrowers and financial institutions across Europe. This role included the restructuring of loan facilities, raising debt, mezzanine and equity and managing and disposing of loan and CMBS portfolios. Andrea was a Director Standard & Poor’s focusing on new bond issuance and bond restructuring for commercial real estate debt products/CMBS. He also worked at Ernst & Young in Real Estate Finance structuring sale and leasebacks across Europe and raising debt and mezzanine for real estate and project finance projects. Andrea attended Brigham Young University and graduated with a B.A. in Economics.
Emma said that ‘direct lending’ means different things to different people, depending on the funding source and end customers.
Rod clarified that LendInvest is not a P2P platform – he now sees the business as an ‘alternative fund manager’, and it is registered with the FCA as such.
Andrea said that, when looking at this space, institutional investors will consider the track records of lenders, the people on board, the technology that is used to support the business, and methods of ensuring they have skin in the game.
Rod also said that operating an off-balance sheet model (such as P2P) is a great way to scale a lender quickly and efficiently.