Investment Strategy

We underwrite complexity.

Transitional assets, operationally intensive situations, capital structures others won't touch. Every position is chosen for conviction — never for volume.

What we underwrite

Our underwriting criteria.

Geography
Europe, UK, US & select international markets
Asset classes
Operational Real Estate — hospitality, student accommodation, senior housing, industrial
Capital structure
Senior · Mezzanine · Preferred Equity · Value-Add & Opportunistic Equity
Ticket size
€10M – €100M+
Duration
12 – 36 months
Role
Sole lender or co-lender
I. Active Management

Hands-on when it counts.

Beyond monitoring, MAYA has built the internal capability to take operational control of an asset when required. This is not a contingency — it is a core part of how we underwrite from day one.

Hands-on when it counts.
II. Target Investments

Financing real estate assets worldwide.

Every transaction is bespoke, underwritten against the asset, sponsor, and business plan — never against a commoditised template.

Financing real estate assets worldwide.
III. Geography

A European anchor with global reach.

Deep roots in European real estate across core gateway cities and selective growth markets. Extended since 2022 to the United States and select international markets — always alongside our most trusted partners.

A European anchor with global reach.
IV. Capital Stack

The full capital stack.

Bridge-style Senior, Mezzanine, Preferred Equity, and Value-Add & Opportunistic Equity — the position that best protects capital and delivers absolute returns. Selected transaction by transaction. Never by mandate.

The full capital stack.
Our process

From origination
to realisation.

Every transaction at MAYA follows the same four-stage discipline — institutional in rigor, bespoke in structure. No exceptions, no shortcuts, regardless of sponsor familiarity or market conditions.

01

Origination

Sourced through our global network of sponsors, intermediaries, and direct relationships built over decades.

02

Underwriting

Asset, sponsor, and business-plan review. Legal, financial, and operational diligence conducted in parallel.

03

Investment Committee

Debate is the engine of our process. Every thesis is challenged, every assumption questioned, every risk surfaced — until conviction is shared by all.

04

Execution & Closing

Structured close, active monitoring, and operational intervention if business plans deviate from underwritten thesis.