Cynergy Bank, a leading UK relationship bank, and Delancey, a prominent UK-focused real estate asset and investment manager, have established a strategic real estate credit partnership to deploy approximately £1.5 billion over the next three years.

The non-exclusive, programmatic joint venture (JV) will originate and execute senior and whole loans ranging from £10 million to £80 million. These loans will be funded either solely by Cynergy Bank or co-invested by both parties.

This partnership marks Cynergy Bank’s first sector-specific collaboration with an alternative lender, representing a significant milestone in the bank’s ongoing strategy to expand its real estate lending offering. The JV will enhance access to diversified debt products for borrowers and broaden Cynergy’s asset coverage across the UK.

Delancey will lead the sourcing and structuring of transactions, leveraging its extensive network of high-quality sponsors. The JV will focus on financing development, transitional and investment assets across London and key UK regional cities. Target sectors include office, residential, industrial, logistics, retail, mixed-use, self-storage, and healthcare. A robust pipeline of opportunities has already been identified.

In support of this initiative and its wider growth ambitions, Delancey will be attending The UK’s Real Estate Investment & Infrastructure Forum (UKREiiF) in May 2026. As a partner of the event, Delancey will use the forum as a platform to engage with real estate professionals, institutional investors, developers and local authorities, aiming to forge new partnerships and explore collaborative lending and investment opportunities across the UK property landscape.

Martin Farinola, Head of Real Estate Debt Strategies at Delancey, commented: “This is a further example of the diverse capital solutions we can offer to investors and borrowers at a time when they are seeking new ways to access attractive risk-adjusted opportunities across the capital stack. This partnership will accelerate the scaling of our debt platform while providing Cynergy with a new route into the UK real estate debt market.

“With our active deal flow, extensive sponsor network, and comprehensive equity underwriting approach, we are confident in delivering high-quality loans at scale that meet Cynergy Bank’s underwriting standards and growth of Delancey’s investment products.”

Ravi Sidhoo, Managing Director at Cynergy Bank, added: “As one of the UK’s longest established independent private real estate managers, Delancey has an unrivalled network that will drive origination, unlocking new opportunities for Cynergy Bank within the UK real estate market.

“With over £55 billion of UK real estate loans maturing in the near term, we believe there is a compelling lending opportunity – driven by traditional banks retrenching, re-based equity values, anticipated interest rate cuts, and recovering transaction volumes.”

Ian Guthrie, Senior Managing Director at JLL, commented: “This arrangement is the first lending partnership of its type involving a UK challenger bank and a non-bank lender and follows an extensive process, led by JLL on behalf of Cynergy Bank, to identify a strategic partner closely aligned to the banks strategic objectives. We’re confident this collaboration will deliver both significant value and innovative financing solutions that meet the diverse needs of today’s real estate investors, developers and operators”.