BNP funds Tishman’s West End buy

BNP Paribas has provided a £90.4m senior loan to Tishman Speyer for its purchase of 100 New Oxford Street in London’s West End. 100 Oxford Street croppedThe facility has a maximum term of six years and includes a £5m tranche to cover costs while the property’s existing vacancy is leased up. It reflects a loan-to-value of nearly 70%.