Private credit lenders to real estate companies
As of August 2026, DFX Intelligence tracks 58 private credit lenders with at least one real estate borrower on record, 174 lender and borrower pairs in all. The count is based on the borrowers each lender's business development companies report in their SEC schedules of investments and the loans DFX holds lender records for, mapped to one industry list.
Updated . Ranked by distinct real estate borrowers, then the date last seen.
| # | Name | Real estate borrowers | All borrowers | BDCs advised | Latest seen |
|---|---|---|---|---|---|
| 1 | STEELE CREEK INVESTMENT MANAGEMENT LLC Charlotte, NC, CLO MANAGER | 27 | 232 | 1 | 30 June 2026 |
| 2 | FS/KKR ADVISOR, LLC Philadelphia, PA, DIRECT LENDER | 16 | 267 | 7 | 30 June 2026 |
| 3 | APOLLO CREDIT MANAGEMENT, LLC New York, NY, DIRECT LENDER | 7 | 604 | 2 | 30 June 2026 |
| 4 | BLACKSTONE PRIVATE CREDIT STRATEGIES LLC New York, NY, DIRECT LENDER | 6 | 976 | 2 | 30 June 2026 |
| 5 | MS CAPITAL PARTNERS ADVISER INC. New York, NY, DIRECT LENDER | 6 | 355 | 7 | 30 June 2026 |
+53 additional private credit lenders to real estate companies are on the graph
Every name, figure and source on each row, and the record behind it, for 7 days.
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How this list is made
- A lender is listed when DFX has classed it as a private credit provider (a BDC adviser, a direct lender or a credit fund manager) and at least one company it lends to is in real estate.
- A borrower counts for a lender when the lender, or a business development company it advises, holds or is named on a loan to it: from the BDC's latest schedule of investments, and from the facility lender records DFX keeps for each loan.
- The industry is the heading the BDC printed beside the position, or the deal target's own industry, mapped onto the twenty industries every DFX directory uses. A heading DFX has not mapped yet leaves its borrower out of every industry page, so each count is a floor.
- Ranked by distinct real estate borrowers, then by the date the latest one was seen.
What is counted
Included
- Classed private credit providers with at least one real estate borrower on record.
Left out
- Banks, which have their own lender pages.
- Firms with only a candidate class, which DFX has not confirmed lend.
- Loans DFX cannot tie to a named lender, and borrowers whose industry heading is not yet mapped.
Notable facts
- The most active lender has 27 real estate borrowers on record.
- The ten most active account for 49% of the lender and borrower pairs.
- 58 of these lenders advise at least one business development company.
- A company financed by a club of lenders is counted once for each of them, so the pairs are not a count of companies.
Related questions
- Private credit lenders to software companies
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- Private credit lenders to hardware and deep tech companies
- Private credit lenders to healthcare services companies
- Private credit lenders to life sciences companies
- Private credit lenders to financial services companies
- Private credit lenders to business services companies
- Private credit lenders to industrial services companies
- Private credit lenders to manufacturing companies
- Private credit lenders to distribution companies
- Private credit lenders to transportation and logistics companies
- Private credit lenders to aerospace, defense and government companies
- Private credit lenders to energy, utilities and infrastructure companies
- Private credit lenders to consumer products and retail companies
- Private credit lenders to consumer services companies
- Private credit lenders to hospitality and leisure companies
- Private credit lenders to education companies
- Private credit lenders to media and telecom companies
Sources
- SEC filings of business development companies (Forms 10-K and 10-Q, schedules of investments)
- Facility lender records DFX keeps for each loan, from the filings and from deal announcements naming the lenders
Every source DFX reads is listed with its rights determination on the sources page.