Home Banks
Banks
The loan, provided alongside two other banks, is secured against a cross-border portfolio.
Otera Capital, a subsidiary of Caisse de dépôt et placement du Québec, has provided the logistics loan in partnership with the bank.
Debt providers see a convergence of lending criteria between alternative and traditional assets.
Speaking at CREFC Europe’s London event, real estate debt specialists outlined the continued impact of higher rates on loan deals.
The concentration of bond financing issued by the country’s REITs makes it a target for potential acquisitions in the coming months.
It was anticipated a wide range of real estate finance providers would help to quickly resolve the refinancing crisis but liquidity is not the issue.
The Madrid-headquartered investor sourced the debt from a consortium of European lenders.
The deadline for submissions is midday, UK time, Friday 27 October.
The loan is secured by a portfolio of 21 retirement facilities in the UK.
The Swedish property company, which is reducing its bond debt, says bank financing is available for residential portfolios.