Getting loans easier for investors, but private debt funds more popular
Private debt funds are gaining popularity in Poland’s real estate market, even though bank loans have become more accessible due to excess liquidity. While more expensive than traditional credit, private debt offers greater flexibility, faster decision-making, and broader collateral structures, making it attractive for projects that do not fit strict bank criteria.
Experts stress that this type of financing is tailored to specific issuers and projects, not for everyone. In Europe, private debt accounts for 2–3% of corporate financing, compared with about 5% in the US, and the market is expanding rapidly. A mix of bank loans and alternative funding can reduce risk and improve access to capital, although combining both sources remains challenging in practice.