Commercial Real Estate Loans UK and select EU

Maximum Amount: $58,616,300 (€50,000,000 EUR)

Funding Source Details

Listed on Nov 4, 2024

UK and select EU - Netherland, Germany, and Ireland. Italy and Spain could be done on stabilized properties only on a very selective case by cases basis.

Property Types: Mixed Use, Multifamily, Retail, Industrial, Office, Student Housing, Light Industrial, independent Sr. Living, Logistics, Data Centers

Financing Types: Permanent Financing, development, Mezzanine

Strategies: Lease-up, Acquisition, Refinance (cash-out), Rehab/Value-Add, Development

Minimum loan: EUR/GBP15MM (with preference of EUR/GBP 20MM+) up to GBP/EUR 50MM

Pricing: ~ 8% all in (rate and fees) (~10% on Mezzanine)

Max LTV/LTC: 75%

DSCR: 1.25x-1.30x

Terms: 3-5-7-10 years

Interest Only: yes, on development, rehab and lease-up transactions

AUM: None required

Recourse: all loans are non-recourse, with the exception of developments where they require a guarantee to cover any cost overruns of 10%

Timing: Term Sheet within 2 week from receipt of all complete financial data.

Closing: 60 days from signed terms

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Financials (USD)

Maximum Amount $58,616,300

Converted From EUR

Exchange Rate $1.17

Additional Details

Interest Rates Available ~8%

Fees Payable due diligence, origination

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