Opportunistic investor Bayside Capital has acquired its first non performing loan portfolio in Italy and is about to close its third Dutch deal with joint venture partner M7 Real Estate. Bayside bought the NPLs, with a €40m face value, from Banking Group Cassa di Risparmio di Ravenna. The assets are secured against a mix of apartments, […]
2 min read · 01 June 2014
The UK lending market is “nowhere near dangerous territory” despite a record number of new entrants driving down margins and the first signs of loan to value ratios rising. In his annual Financing Property presentation this morning, this year called ‘Growth is here. Are the foundations solid?’, William Newsom of Savills said that there are a further 52 […]
3 min read · 01 June 2014
Equinox, Hercules and DECO deals may be hit, Barclays Capital warns
2 min read · 28 May 2014
Lloyds Bank Commercial Banking’s property lending teams this year expect to top the £6.9bn they lent to the sector in 2013. Last year’s figure was the highest since 2007, with about £2.5bn lent by each of the mid-markets and global corporate divisions and close to £2bn by the small and medium-sized enterprises team. John Feeney, […]
1 min read · 02 March 2014
Asian lenders power up Battersea Four Asian banks have under- written £790m of development finance for the Malaysian owner- developers of London’s Battersea Power Station site. Malaysia’s CIMB Bank and Overseas Chinese Banking Corporation, Singapore’s Maybank and Standard Chartered provided a 3.5-year facility for phase 1, including the power station refurbishment, and a five-year loan to […]
1 min read · 21 November 2013
Pensions group BVK is investing in one of Frankfurt’s landmark office towers through debt rather than equity. Bayerische Versorgungskammer has lent €300m, at a 60% loan-to-value ratio, to the three owners of Tower 185. The investment is believed to yield around 3% for BVK investors. BVK made a “long-term real estate loan”, said law firm […]
1 min read · 28 October 2013
DRC’s European Real Estate Debt Fund ll seeks £400m from institutional investors, as managers plan a raft of follow-on mezzanine debt vehicles European mezzanine lender DRC Capital has begun investing its successor fund after raising more than £100m of capital. The firm, founded by Dale Lattanzio, Cyrus Korat and Rob Clayton, is targeting £400m this […]
2 min read · 22 July 2013
1 min read · 18 June 2013
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1 min read · 01 June 2013
Real Estate Capital commentary •The loan syndications market has picked up, with Insight Investments having taken a participation in three separate deals. The asset manager is buying for its 2007 loan fund, which both buys and originates debt. It took a £25m position in Adelphi, as well as a stakes in Maybourne’s and Intu’s debt. […]
1 min read · 22 May 2013
