Home Mezzanine
Mezzanine
London & Regional has sourced a debt facility topping £300m to refinance the Mayfair hotel.
A French student housing provider has sourced financing including mezzanine debt, in what is thought to be the first example of junior debt being written in the country’s student accommodation sector.
French alternative investment fund manager Zencap Asset Management has closed its second real estate debt fund, focused on providing credit to value-add and opportunistic deals.
DRC Capital has closed its third mezzanine and whole loan fund on £600 million (€682 million).
LaSalle Investment Management has closed its third mezzanine and whole loan fund on £804 million (€903 million).
Europa Capital has launched a debt vehicle with commitments of £100 million (€110 million) to invest in UK commercial real estate, with a focus on regional markets.
Deutsche Asset Management has provided a €45 million mezzanine loan to Ares Management to finance two designer outlet retail centres in France.
London-based Avamore Capital, the short-term property finance specialist, has hired Amit Majithia as a principal.
Pearlmark Real Estate Partners has raised $50m for the first close of Pearlmark Mezzanine Realty Partners IV, the latest fund in the firm’s high yield debt series. The fund will originate mezzanine loans for acquisitions, refinancings, recapitalizations and development projects, also targeting subordinate interests of structured loans, preferred equity and bridge loans. The fund is targeting returns between 10 and 12 percent. […]
Natixis Real Estate Capital has provided $66m to Manhattan-based Bauhouse group for the purchase of three NYLO full service boutique hotel properties in Irving, Plano,(both in Texas) and Warwick, Rhode Island.