Pricoa Mortgage Capital has provided a £181.5m, 10-year refinancing loan to China Life and the Qatar Investment Authority for their 99 Bishopsgate tower in London.

Lloyds Bank Commercial Banking and Investec Structured Property Finance have provided a £190m development facility to Cain Hoy and Sager Group for their £400m Islington Square joint venture in London. Investec has also taken a minority equity stake in the project. It provided an initial refinancing loan for the scheme which has now been rolled into the development facility with Lloyds.

An £89m financing won by LaSalle Investment Management last year may come back to market after the £200m London development scheme it was secured on changed hands. City North Finsbury Park is one of four London projects which Telford Homes acquired after its £23m purchase in the last few weeks of the regeneration business of the original developer, United House Developments (UHD).

ING Real Estate Finance and ABN Amro have provided a €240m, five-year loan to Dutch real estate manager Merin to refinance its portfolio of office and industrial assets. The two Dutch lenders are supplying €120m each to Merin, which has a portfolio of 175 assets spread across the Netherlands.

Pradera has secured a €163m facility from Aareal Bank to refinance assets in its Pradera European Retail fund (PERF). The loan will be allocated across seven shopping centres, six in Spain and one in Italy.

The Royal Bank of Scotland has provided a £62.2m loan to JP Morgan Asset Management for its purchase Brookfield Shopping Park in Hertfordshire. The facility, which reflects a loan-to-value of 65% on the £95m purchase price, will also be used to refurbish the retail centre in Cheshunt.

AXA Equitable Life Insurance has provided an $80m refinancing facility to the heirs of Cornelius Vanderbilt III following the restoration of 501 Madison Avenue in New York. The loan is the last phase of a three-part package of interim, construction and investment loans totalling more than $160m for the 30-story office and retail tower.

A judge was wrong to hold that the CMBS issuer in the Titan v Colliers case was the correct claimant and also had no basis for finding an asset overvalued, the Court of Appeal in London has heard. Colliers is appealing against a High Court ruling last year that it overvalued an asset in Germany by €32m in the Titan Europe 2006-3 CMBS deal.

Peer-to-Peer lender Wellesley & Co has appointed Andrew Moffat as head of property finance. Moffat joins from Pramerica Real Estate Investors where he was head of residential finance for the UK.

Goldman Sachs Mortgage Company has provided a $650m, 10-year loan to the State Teachers Retirement System (STRS) of Ohio to refinance the former IBM building, 590 Madison Avenue. The fixed-rate facility retires a portion of Goldman Sach’s original $350m facility made in 2007.