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Quintain has closed an £800 million corporate development facility with three North American lenders, securing finance for the next five years for the development of its masterplan at Wembley Park in north London. The facility is split into a £560 million, five-year revolving senior loan which has been provided by Wells Fargo and US insurer AIG, and £240 million of mezzanine from Canadian Pension Plan Investment Board.
A life insurance company owned by AIG has provided a $50.2 million financing to an affiliate of Edison Properties on a 12-storey office building at 119 West 24th Street in the Chelsea neighborhood of Manhattan.
PPHE Hotel Group is continuing its debt maturity extension programme with a £182.4 million loan from AIG to refinance its flagship Park Plaza Westminster Bridge hotel.
AIG Asset Management has provided a £900m secured debt facility to Market Tech, the company which owns the Camden Market estate in North London.
AIG Investments has provided JEMB Realty with a $50m loan to refinance 150 Broadway in Lower Manhattan, Real Estate Capital has learned based on city property records.
AIG Asset Management has provided a £315.6m, ten-year facility to Secure Income REIT (SIR) to complete its £902.6m refinancing of its leisure and healthcare assets. AIG’s fixed-rate non-recourse term loan is secured on a portfolio of SIR’s healthcare assets containing 11 UK private hospitals.
AIG Investments has provided a $75m, 20-year, fixed-rate, non-recourse loan on the new Stanhope Student Apartments, adjacent to North Carolina State University in Raleigh, North Carolina.
Rothesay Life, Legal & General and AIG are the frontrunners to lend close to £900m to Secure Income REIT so it can refinance the REIT's leisure and private hospital assets. Rothesay is believed to have agreed a 10-year facility of at least £350m secured on SIR’s six leisure assets, which include Alton Towers theme park and Warwick Castle. L&G and AIG will lend at least £225m each for terms over 10 years to refinance the REIT's 20 private hospital assets.
AIG Investments has provided a $140m, 15-year fixed rate loan to TRT Holdings and JMI Realty for the refinancing of the Omni San Diego hotel in San Diego, California. The 200,000 sq ft, 511-room convention center hotel is located at 675 L Street in downtown San Diego’s Gaslamp Quarter, across the street from the San Diego Convention Center.

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