Recent property lending deals

  • A lot of large UK refinancings and acquisition deals in the pipeline since the middle of the year or earlier have yet to be signed, including several for hotel portfolios and central London financings.

  • Santander continued to back entrepreneurial borrowers with intensive asset management strategies, such as Mountgrange and Patron Capital, and Columbus Capital, following its part in financing 99 Bishopsgate for Brookfield in September.

    • pbb Deutsche Pfandbriefbank, said to be one of the most competitive lenders, closed three UK and continental loans. It was lead bank on November’s largest deal, a fourbank syndicate that provided Société de la Tour Eiffel with €287m of replacement finance for a subsidiary’s portfolio.

  • Helaba was also busy on the international front, lending on a deal in France. The German bank is said to have three facilities about to close in the UK.

  • The largest mezzanine transaction to be made public was M&G’s €100m investment in Vitus Immobilien’s multi-family housing portfolio. This transaction was securitised last month.