The financing of real estate projects in Germany is changing: Increasing regulatory requirements, higher financing costs and significantly more restrictive lending by banks and savings banks are substantially changing the market. Against this background, Pegasus Capital Partners (Pegasus) publishes the Private Debt Report 2026. The digital dossier brings together assessments by leading experts from the fields of financing, capital markets, science, project development and law and, in view of current market developments, highlights the growing importance of alternative forms of financing for the real estate industry.


