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Freddie Mac has funded more than $1bn in small balance loans (SBL) on multifamily properties since launching the initiative in October of last year.

Gatehouse Bank has hired Trevor Homes from ICG-Longbow as its new head of real estate finance, Real Estate Capital can reveal. From mid October he will lead the Islamic property bank’s senior lending across the UK, France, Germany, Benelux, Spain and Italy.

Santander is prepared to lend up to €600m or 100% of the construction cost of Lone Star and Vilamoura World's €1bn leisure joint venture in Portugal. The Spanish bank will provide development facilities on a project-by-project basis as the 1,700-hectare Vilamoura scheme in Portugal's Algarve region is built out in phases over the next five years.

An affiliate of CPPIB Credit Investments, a wholly owned subsidiary of Canada Pension Plan Investment Board, has provided a $526m construction-to-permanent loan for the 1.5 million-square-foot expansion of the Bellevue Collection known as Lincoln Square Expansion in Bellevue, Washington.

Aviva Investors is expanding its real estate debt offering onto the Continent with a mandate from Aviva France and a new appointment to lead the business, Real Estate Capital can reveal. Romain Linot, who comes from a senior fund manager's role at AXA commercial real estate, will head the new debt team from Paris and begins this week.

Värde Partners has acquired a majority stake in Trimont Real Estate Advisors, aiming to capitalize on increasing demand for financial services tied to increases in new construction and development. Värde will integrate Atlanta-based Trimont with the operations of First City Financial Corporation, a commercial finance company that certain Värde funds purchased in May of 2013, in […]

Madison Realty Capital (MRC) has provided a $107m first mortgage loan to Fortis Property Group for the acquisition of the former Long Island College Hospital (LICH) site in the Cobble Hill neighborhood of Brooklyn. The loan backs 357,000 sq ft of former LICH retail, medical office, townhouses and development sites. Fortis plans to redevelop the former hospital […]

Three French banks have taken part in the country’s largest financing of 2015 so far, providing a mega €854m joint debt package for Altarea’s refinancing of a 17-asset retail portfolio, Real Estate Capital can reveal. Crédit Agricole CIB and Natixis co-arranged the loan, each taking a 43% participation equal to €367m. Crédit Mutuel took a 14% share of €119.5m.

AEW Europe, the Paris-based private real estate investment firm, has appointed Cyril Hoyaux as head of debt funds management ahead of the launch of a €750m debt fund. The firm is seeking to significantly expand its real estate debt platform with the appointment of Hoyaux and the setting-up of its second debt fund, Senior European Loan Fund 2 (SELF2).

A syndicate of four banks have provided a £303m facility at 1.9% to Redefine International to help fund £490m of purchases from Aegon. HSBC, Barclays, Abbey National Treasury Services and the Royal Bank of Scotland have teamed up to lend the property investor a £155m term loan and a £148m revolving credit facility.