Aviva Commercial Finance has provided its first social housing loan – a 25-year, £67m facility loan for Sapphire Extra Care. The debt will be used to construct and maintain 390 social housing units targeted at the over 55s in Stoke on Trent in the UK. The Sapphire consortium, comprising the Eric Wright Group, Kajima Partnerships […]
1 min read · 18 July 2014
Houston, Texas-based Crimson Advisors has secured a $105.6m loan from Landesbank Hessen Thuringen (Helaba) for the construction of a residential development at 546 West 44th Street in Manhattan’s Hell’s Kitchen neighborhood. A joint venture of Crimson Real Estate Fund, DHA Capital and USAA Real Estate Company purchased the block-through site and former parking garage — between 10th and 11th […]
2 min read · 15 July 2014
Debt platform Aeriance Investments has issued £80m of new loans so far this year, all for residential property. The loans were funded through the Luxembourg company’s €500m Opportunistic Real Estate Loan Fund 2, which provides senior and junior short term and development finance loans mainly in London and the south east of the UK, targeting […]
2 min read · 11 July 2014
Legal & General has issued its third social housing loan in six months – a £40m facility for Rooftop Housing Group. This brings its commitment to the sector to £232m, including a £102m loan it provided to The Hyde Group in March 2013 which marked the commercial lending business’s first social housing loan. Its latest […]
1 min read · 01 July 2014
Colony American Homes’ second single-family rental securitization, the $558.5m Colony American Homes 2014-2, is on the market, becoming the fifth such offering in the rapidly growing asset class. Despite inherent risks in this and other SFR deals, such as house price volatility, managers with limited operating history, and the geographic concentration of the assets, analysts tell […]
3 min read · 19 June 2014
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 […]
2 min read · 04 June 2014
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 […]
5 min read · 03 June 2014
