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Bank of America Merrill Lynch has syndicated around a third of the €130m mezzanine debt secured against the Coeur Défense tower in Paris to Austrian bank BAWAG. BAML underwrote a €935m whole loan in February for Lone Star’s €1.3bn purchase of the iconic building. The five-year refinancing was structured as a 60% LTV senior loan and a mezzanine […]
Austrian bank BAWAG has acquired £50m of a £225m loan Lloyds made to Aviva Investors and Quintain’s Quercus Healthcare Property Partnership – the largest UK institutional care home property fund. BAWAG typically provides finance at around 50% leverage and a margin of around 400 basis points. This marks its first healthcare loan in the UK […]