Cypriot lender Hellenic Bank has sold its non-performing loan and real estate management business to a loan servicing platform for €20 million.
2 min read · 05 July 2017
Core Capital-owned Brasserie Bar Co has sourced a £23 million debt refinancing from OakNorth Bank and ESO Capital to fund its expansion across the UK. The funds will enable Brasserie Bar Co, the parent group of casual dining brands Brasserie Blanc and the White Brasserie Company, to open 24 new sites over the next five […]
1 min read · 04 July 2017
Lloyds Bank Commercial Banking, through its partnership with group insurer Scottish Widows, has provided a £55 million loan to UK real estate investment trust LXi REIT. The 12-year loan has been arranged at a fixed all-in rate of 2.93 percent a year, and reflects a loan-to-value ratio of 30 percent. The REIT said the cost […]
1 min read · 04 July 2017
Optimum Credit, a non-bank mortgage lending platform owned by investment firm Patron Capital, has completed its first securitisation of UK second-charge mortgages, according to Real Estate Capital’s sister title, Private Debt Investor.
2 min read · 03 July 2017
The peaks in the last two real estate cycles were predictable and lenders could have avoided massive losses if long-term asset values had been adequately monitored, a group of senior industry figures has concluded.
3 min read · 03 July 2017
The growth rate in new German commercial property finance business halved during 2016 to 10 percent and is set to decrease to 5 percent this year, the latest German Debt Project Report has shown.
2 min read · 30 June 2017
French property developer and investor Altarea Cogedim has issued its inaugural bond, raising €500 million.
1 min read · 30 June 2017
Retail property fund manager Pradera has hired John Hopkins as finance director for its recently-launched Pradera European Retail Parks Fund (PERP).
1 min read · 30 June 2017
Romania’s Globalworth Real Estate Investment has raised €550 million through a bond issue to further expand its presence in the central and eastern Europe market, with a focus on Poland.
2 min read · 30 June 2017
The Bank of England’s concern about ‘stretched’ commercial property values serves as a reminder for real estate lenders to remain vigilant.
3 min read · 29 June 2017
