Investec Structured Property Finance had provided a £20 million development loan to its industrial joint venture with Kier Property, Trade City.
Royal Bank of Scotland has provided a £145 million loan to Airport Industrial Property Unit Trust (AIPUT), managed by Aberdeen Asset Management.
Royal Bank of Scotland has provided a £40 million revolving credit facility to AIM-listed self-storage company Lok’nStore to provide the company with funding for site acquisitions.
Irish Residential Properties REIT (I-RES REIT) finances its €83 million apartment scheme with a €250 million debt facility.
Deutsche Hypo and ING Commercial Banking have provided a €160 million loan to a fund managed by Patrizia Immobilien to finance a property portfolio in the Netherlands.
Urban Exposure, the UK residential development finance specialist, has announced it has set up a non-exclusive partnership with challenger bank Shawbrook.
The $3 billion in securitized loans tied to Blackstone’s purchase of Stuyvesant Town-Peter Cooper Village have paid off, signaling a huge drop in the CMBS delinquency rate.
ING group has appointed Annerie Vreugdenhil as its new global head of real estate finance. Vreugdenhil will replace John Boyles and will begin her new role in February.
Royal Bank of Scotland expects to lend £1 billion to the UK private rental scheme (PRS) market in the next 12-18 months, about one sixth of its £6 billion annual lending to real estate.
American International Group is the lender behind the $65.2 million of first mortgage for the refinancing of two Hyatt-branded properties: the 149-room Hyatt House Seattle/Redmond and the 160-room Hyatt House Seattle/Bellevue, Washington, Real Estate Capital has learned.