Alternative sectors

The lender has provided a €110m loan in its latest financing in the hospitality sector.

The private lender has provided a 47% LTV debt facility in a ‘rare’ financing opportunity, as it targets alternative sectors across the UK.

London & Regional has sourced a debt facility topping £300m to refinance the Mayfair hotel.

UK-based development finance provider Maslow Capital has acquired a £100 million (€112.7 million) performing loan portfolio, representing the firm’s first participation in the secondary debt market.

By 2066, one in four people in the UK will be aged 65 and over, according to the Office for National Statistics. Housing this rapidly aging population has been recognised as an important social issue, leading property investors and lenders into the retirement accommodation market.

A French student housing provider has sourced financing including mezzanine debt, in what is thought to be the first example of junior debt being written in the country’s student accommodation sector.

Select Property Group has sourced a £108.9 million (€123 million) loan from a club of lenders to fund the development of a build-to-rent scheme in Manchester.

Societe Generale and HSBC have financed the Generator Hostels portfolio recently acquired by real estate fund manager Queensgate Investments with a €215 million loan.

Whether by geography, sector or product, real estate finance providers are broadening their scope. Alternative lenders, particularly, are set to benefit from the drive to diversify.

Lloyds Bank Commercial Banking has provided a £50 million (€56.7 million) financing through its Green Lending Initiative to a UK science parks joint venture.