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Alternative sectors
Lending to a singular alternative real estate sector means a firm must be ready to underwrite a property type’s unique risk and demonstrate specialist expertise.
French bank Société Générale has underwritten the financing of a huge healthcare deal, highlighting the allure of the sector to lenders.
Healthcare REIT MedicX has refinanced £233.7m of existing loans from the insurer, while increasing the facility by £30.8m.
Riaz Azadi and Rob Weinberg, managing directors at Eastdil Secured, discuss how investors and lenders are breaking new ground in pursuit of enhanced returns.
The US bank has provided a £45m loan to the GCP Student Living REIT, which has noted a ‘structural shortfall’ of such assets across the UK.
The London-based debt provider lent £100m across four residential and student accommodation deals in June.
Investing in university accommodation on the continent makes sense, but finance can be difficult to source, writes Raj Kotecha, co-founder of Amro Real Estate Partners.
A syndicate of 15 banks signs the five-year loan, with the margin of the debt facility linked to the French group’s ESG performance.
The UK property debt specialist has provided £40m of debt financing from its first commingled fund.
The UK-based challenger bank has provided finance for two purpose-built blocks in London.