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Dutch financial group ING has launched a debt investment service to build bespoke portfolios of commercial real estate loans for institutional investors. “This new and unique proposition allows ING REF to leverage its origination and lending capabilities to bridge the gap in the market between capital providers looking for attractive spread products, and real estate […]
Barclays has provided financing at a margin as tight as 175 basis points for low leverage on “good quality kit” for its long-standing client, Tritax. The bank has issued three separate loans totalling £85m for Tritax’s new REIT, Tritax Big Box REIT, listed last December, to re-gear the purchase of UK distribution centres in the East […]
ING Bank has provided €120m of finance for Round Hill Capital’s purchase of the largest Dutch residential portfolio to trade since the financial crisis. The five-year debt reflects a loan-to-value ratio of 66%. ING has syndicated some of the debt to two non-Dutch insitutional players. Round Hill has acquired 1,534 units spanning 140,000 sq m for […]
Legal & General has provided its second loan to the social housing sector this year – a £50m facility to support Housing Solutions’ six-year pipeline of 1,600 affordable homes across the South East. The 40-year debt reflects an all-in cost of sub 5%. Typical loan asset cover levels in the sector are around 105%. L&G’s […]