Home Lending
Lending
Political turmoil has caused unease in the commercial real estate sector, although some are still prepared to lend in the country.
The US-headquartered bank has provided a seven-year facility split between a £50m term loan and a £90m revolving credit facility.
The real estate fund management firm has sourced a facility financing 65% of the cost of the acquisition plus a capex loan.
The pair’s Senior European Loan Fund II is 80% invested, with full deployment targeted for September.
The consultancy’s valuations directors warn that a correction in property values could temper lenders’ risk appetite.
With the firm’s CRE Senior 10 fund 60% deployed, AXA is considering options for its successor vehicle, according to its head of funds group.
The private lender has provided an £83m loan to the Asian investor, which has secured a freehold deal for the ‘high-quality asset’.
The UK property debt specialist has provided £40m of debt financing from its first commingled fund.
The UK-based lender has written a £59.8m loan to develop New Horizons Court in Brentford.
Speaking at the Loan Market Association’s Real Estate Finance Conference, Blackstone’s Gadi Jay explained the borrower’s approach to loan structures.