Category Archives: Mezzanine

Savoy Hotel restructured with £458m from Crédit Agricole, DekaBank and Lloyds’ Prestonfield

Prince Alwaleed bin Talal of Saudi Arabia and Lloyds Banking Group have closed the refinancing of The Savoy Hotel on the Strand with a £200m senior facility split equally by Crédit Agricole and DekaBank, as part of a wider five-year £458m … Continue reading

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Blackstone finances UK logistics pool with £63m from Wells and LaSalle

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Blackstone has pooled together seven UK regional distribution warehouses worth around £95m within its LogiCor pan-European logistics subsidiary and financed the portfolio with a five-year £63.3m senior and mezzanine financing package from Wells Fargo and LaSalle Investment Management. Wells Fargo … Continue reading

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Blackstone weighs up £200m Adelphi financing options

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Blackstone will decide on the composition of the £200m financing package early next week to fund its £265m acquisition of the Adelphi building just off the Strand, after seeking term sheets for both whole loan lenders and separate senior and … Continue reading

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MetLife targets annual £750m UK lending drive in ‘big ticket’ deals

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MetLife has targeted an annual UK senior debt lending appetite of at least £750m this year and will continue at this pace to take the US insurance company’s senior loan book on this side of the Atlantic to around £3.5bn … Continue reading

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AIB trades €400m Santander branch loan to hedge funds at 20% discount

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Allied Irish Bank sold a €400m syndicated senior loan secured by a portfolio of more than 1,100 Banco Santander bank branches throughout Spain to a consortium of separate hedge funds yesterday at 80 cents in the euro, CoStar News can … Continue reading

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Steve Williamson adds to DB resignations as bank eyes high-yield lending

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Steve Williamson has quit Deutsche Bank bringing to an end a near 15-year career with the investment bank, as the London commercial real estate finance team’s business model evolves into a selective higher yielding lending and principal investment operation. Williamson’s … Continue reading

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Blackstone shelves Chiswick Park sale eyeing £600m refi to pre-pay CMBS

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Blackstone has shelved plans to sell Chiswick Park for at least the next two years, and is now exclusively refocusing efforts on a combined £600m senior and mezzanine refinancing which would repay the outstanding CMBS and existing junior loan, CoStar … Continue reading

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Part II: A definitive guide to Europe’s largest CMBS maturities continued …

Europe’s CMBS loan maturity run-off in 2013 is the single largest calendar year for maturities in the history of the capital markets funding tool since inception on this side of the Atlantic. CoStar News continues its rundown of the 10 … Continue reading

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