Home Whole loan
Whole loan
The vehicle will primarily lend against PRS and student accommodation assets in Spain and the UK.
The programme will look to provide single loans for real estate projects in Western Europe.
The London-based debt fund manager has held a final close on a fund which offers loans up to 70% LTV in the UK.
The asset manager is aiming to deploy £200m of capital through a UK-focused debt fund.
A survey of UK debt trends shows alternative lenders are encroaching further into senior banks’ territory.
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).
Floating-rate five-year loan has a 65% LTV ratio.
The debt package, with a term of almost five years, has been provided to the Real Estate I fund of the European private equity firm EQT.
M&G Investments is to provide a £517 million (€579 million) whole loan for the development of 1 Grosvenor Square in central London.