Carafiell’s GreenOak secures second Macquarie loan

Australian bank Macquarie Real Estate Lending last month made its second loan to GreenOak, the principal investment firm founded by John Carafiell and two former Morgan Stanley real estate colleagues.

The bank financed Green-Oak’s £18.5m acquisition of refurbishment opportunity Dixon House in Fenchurch Street E3, from a private family office advised by Allsop.

The five-year loan will remain in place during the building’s refurbishment and minimise costs after the existing leases expire.

Adam Joseph, Macquarie’s managing director of European real estate lending, said the flexible loan “allowed GreenOak ample time to complete its business plans”.