In the second of three installments, Real Estate Capital examines the leading lenders in Europe today.
Finland is on the radar of international investors and lenders, joining its Nordic
neighbours as a hot destination for real estate capital.
Blackstone is to fund its latest push into the Nordic real estate markets with a €2.6 billion financing of its recently acquired Sponda platform in Finland, in one of the cycle's largest real estate lending deals.
Goldman Sachs has provided fresh debt to the revamped Dutch office portfolio which was once securitised in Europe's first defaulted CMBS.
Goldman Sachs, HSBC and Bank of America Merrill Lynch have provided a £400 million loan to English football club Tottenham Hotspur to fund the development of its new stadium in north London.
Goldman Sachs Principal Investment Area has raised $993 million for its third real estate debt fund, according to Real Estate Capital's sister title, Private Debt Investor.
Goldman Sachs is providing a $304 million financing package for the $467.5 million acquisition of AMA Plaza in the River North area of Chicago, Illinois.
Despite challenging market conditions, a diverse array of organisations continues to provide finance to the European property sector. Real Estate Capital’s roll call of the most active lenders in European property finance today once again demonstrates the weight of capital available in the market.
Goldman Sachs Mortgage Company has provided a $55 million acquisition loan on the 306-room Hilton Irvine/Orange County Airport in southern California. The lender provided the 10-year, fixed-rate loan to Infinity Realty Advisors.
Lightstone purchased both properties from Pan Am Equities for a total of $127.5 million, city property records show, bringing the deal's loan-to-value to 66 percent.