Private credit gains ground in housing as sales slow

Private credit is becoming more important in the housing market.

Developers are using it more because banks and other lenders are not giving as much money for things like buying land and building houses.

Private credit is more expensive but also more flexible.

About $1 billion of these deals happen every year, and most of it is for building homes.

Experts think this will grow to $2–3 billion a year.

Housing sales have gone down by 14% in big cities, so developers need more money from private lenders.

India is expected to be a big part of the growth in private credit in Asia.

Investors are also putting more money into these funds because they offer higher returns and more transparency in real estate.