Silvia Saccardi
The refinancing of 32 Rue Blanche in Paris’ ninth arrondissement was secured by Toronto-based investor Oxford Properties following its renovation.
Collaboration between the US alternative lender and the Munich-area-headquartered bank signals innovation in European commercial real estate lending.
The bank’s build-to-rent target demonstrates lender appetite for the private rented sector.
There is increased lender interest for socially-minded projects, even if a sustainability-linked loan isn’t part of the agreement, says the firm’s COO.
Mezzanine financing in Europe’s largest real estate market is playing less of a role, according to the report.
Large volumes of hospitality transactions across Europe have positively affected lending activity.
The mood in the halls was upbeat but the ‘same challenges’ are weighing on recovery.
Borrowers are demanding financing to fund innovative types of accommodation amidst a housing crisis in the country.
The loan refinances a portfolio of prime logistics assets located across three countries.
The Singaporean firm said several lenders pitched to take part in the UK portfolio financing deal.