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Interview: LBBW’s new property lending boss

Patrick Walcher has taken the helm at LBBW’s restructured property lending business. Daniel Cunningham talks to him about his plans.

BNP partners with Asian lender to refinance Hilton Park Lane

London & Regional has sourced a debt facility topping £300m to refinance the Mayfair hotel.

BNP Paribas AM hits first close on €1bn debt fund – Exclusive

The French asset manager, which is closing in on its first lending deals, will write senior loans on core, core-plus and value-add properties across continental Europe.

ICG-Longbow holds final close on £370m

ICG-Longbow, the real estate debt-focused arm of Intermediate Capital Group, has held a final close of its third senior debt fund on £370 million (€409 million).

Dive in swap rates pushes down lending returns

The sharp fall in five-year swaps has depressed forecast returns for UK senior debt, from 3.7 to 3.3 percent.

German senior loans ‘to increase in attractiveness’

Amid continuing low interest rates, ease of availability and low return requirements, senior loans in Germany are tipped to “increase in attractiveness in the future” according to the EY Real Estate Capital Radar Germany 2016 report.

New berth and helmsman change Aviva’s debt course

Firm's new finance head reveals his expansion plans

Legal & General makes maiden hotel loan

UK insurer broadens debt horizons

Deutsche Bank wins Spanish financing for GreenOak

Deutsche Bank is financing the €160m acquisition of eight Spanish retail assets for GreenOak Real Estate and Grupo Lar in a further sign of lender interest picking up in Spain. The ticket size is believed to be around €100m and the German bank is understood to have beaten several other investment banks to win the […]

Nashville developer secures $75.9m loan on luxury residential tower

Nashville-based Giarratana Development has secured $75.9m in loans for the construction of the SoBro luxury rental apartment tower in downtown Nashville, Tennessee. Chicago-based BMO Harris Bank provided a $58m senior construction loan, while New York-based NorthStar Realty Finance – through its lending entity QARTH Holdings NT-II – provided a $17.9m mezzanine loan on the $90.8m project. […]

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