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PERE Research and Analytics’ monitoring shows a rise frim 68 to 74 debt funds in the market this month, seeking a
total of $33bn,
Maryland-based multifamily and affordable housing lender Pillar, an affiliate of Guggenheim Partners, has provided Los Angeles-based Brius Management Company with $36m in HUD loans to refinance a portfolio of five senior housing facilities with 403 beds in California.
HSBC is financing Praxis’s £65m purchase of an eight-strong office and business park portfolio from US private equity giant Blackstone.
The bank has a long-standing relationship with Praxis and has been behind a number of acquisitions made by the property investment and management firm.
ING Real Estate Finance has provided an €80m, five-year senior facility and an ancillary €30m VAT loan for TH Real Estate’s and Neinver’s joint-venture purchase of two retail properties in Poland. The properties are Factory Annopol shopping centre in Warsaw and Factory Krakow and Futura Park, both close to Krakow international airport.
PERE Research and Analytics’ monitoring shows 64 real estate debt funds in the market this month, seeking to raise $26.3bn.
Real Estate Capital commentary As 2012 draws to a close, the biggest UK financing deals in the market are for hotels. DekaBank and Credit Agricole are refinancing the maturing loan on London’s Savoy for the landmark’s royal Saudi Arabian owner, while three banks are underwriting and arranging finance for ADIA of Abu Dhabi to buy […]