Barclays and Santander have provided a £120m financing package to Runwood Homes, secured on its portfolio of care homes and day care centres. Barclays was the mandated lead arranger, lender and facility agent and provided £96m. Santander supplied the remaining £24m.

Aareal Bank’s structured property financing division has reported a 238% increase in operating profit to €240m but a 25% decrease in newly-originated loans to €1.2bn for Q2 2015. The operating profit includes the non-recurring €154m negative goodwill from the acquisition of rival property lender WestImmo, which Aareal bought for €350m in June. Negative goodwill is reported as a gain occurring when the price paid for an acquisition is less than the value of its assets.

Lloyds Bank Commercial Real Estate has topped up its £210m loan to Structadene Group with a £19m extension. The bank has agreed an extension of four loans totalling £19m with joint ventures of Structadene, which is owned by property investor David Pearl.

pbb Deutsche Pfandbriefbank has provided a €40m facility to French developer Sadev 94 for its Ivry Confluences regeneration scheme near Paris. The long-term development facility will be used to finance infrastructure works such as highway construction and the building of public spaces at the 145-hectare site.

Grainger has secured a £580m refinancing facility from a syndicate of five banks at a margin of 170bps, a saving of 50bps on its current facility. The Royal Bank of Scotland, HSBC, Barclays, Nationwide and Allied Irish Bank have refinanced their own existing facility.

Cerberus Capital Management has bought a portfolio of mainly non-performing commercial property loans valued at almost €390m from Dutch bank Van Lanschot. Cerberus is believed to have paid around €260m for the portfolio, or 66% of the face value of the portfolio.

Loan servicer Situs and corporate financial advisor Duff & Phelps are targeting Ireland’s distressed loans portfolio market in a new joint venture. The new business will offer ‘end-to-end’ loan management services for commercial property investors in the Irish market, which has been particularly active with sales of loans portfolios.

BNP Paribas has privately placed its €85m Lusso Srl CMBS, a securitisation of a loan backed by the luxury retail centre Sicilia Outlet Village in Sicily, Italy.

The former global head of commercial real estate at Deutsche Bank, John Nacos, has joined the board of CR Investment Management (CR). Nacos, who has held various positions at Deutsche Bank and Merrill Lynch, will focus on developing debt and equity strategies for the investment manager.

In one of the largest financings in Hungary this cycle, pbb Deutsche Pfandbriefbank and Erste Group Bank have provided a €126m facility for a Morgan Stanley consortium’s c. €250m purchase of a mixed-use portfolio. The five-year facility is equally split between pbb and Austrian bank Erste and reflects a loan-to-value of around 50%.