Data

European banking rules that ignore commercial real estate (CRE) debt will affect businesses’ ability to borrow money, according to CREFC Europe. In a response to the European Commission’s (EC) consultation on how current capital requirement regulations affect the flow of credit, CREFC said a functioning CRE debt market is vital to both small and medium (SME) sized businesses and infrastructure development.

Maryland-based multifamily and affordable housing lender Pillar, an affiliate of Guggenheim Partners, has provided Los Angeles-based Brius Management Company with $36m in HUD loans to refinance a portfolio of five senior housing facilities with 403 beds in California.

HSBC is financing Praxis’s £65m purchase of an eight-strong office and business park portfolio from US private equity giant Blackstone. The bank has a long-standing relationship with Praxis and has been behind a number of acquisitions made by the property investment and management firm.

ING Real Estate Finance has provided an €80m, five-year senior facility and an ancillary €30m VAT loan for TH Real Estate’s and Neinver’s joint-venture purchase of two retail properties in Poland. The properties are Factory Annopol shopping centre in Warsaw and Factory Krakow and Futura Park, both close to Krakow international airport.