TH Real Estate, Allianz and a third undisclosed debt provider provide a six-year bullet loan for the landmark 80 Fenchurch Street building with a LTV understood to be in the 50% range.
The retail property giant has agreed with a consortium of lenders led by Santander a reduction of margin and an extension of maturity for the debt facility.
The 10-year debt facility, with a fixed interest rate, will be used to finance the seed portfolio of a vehicle managed by Corestate on behalf of the German pension fund.
The UK-based challenger bank has provided finance for two purpose-built blocks in London.
Real Estate Capital’s data on the latest UK and continental European real estate lending deals.
The lender has provided a €110m loan in its latest financing in the hospitality sector.
A syndicate of 12 banks has provided the three-year debt facility with an initial margin of 100bps.
The German bank has written the 32% LTV facility, syndicating €100m to ING.
The private lender has provided a 47% LTV debt facility in a ‘rare’ financing opportunity, as it targets alternative sectors across the UK.
Titlestone Structured Finance and Shawbrook Bank have provided £42.5m across two facilities for a London residential scheme.