€154 million senior loan on a large multi-use portfolio throughout the Netherlands.
Due to the current volatile market and with an eye on upcoming maturity of the existing loan in less than a year, our client was looking to secure a refinancing well ahead of time. The ability to fund (part of) important ESG investments and the flexibility to deploy the financing at a time between closing and maturity were also important considerations. We have assisted structuring and closing the loan with a German Senior Debt Fund active in the Dutch market.
The portfolio includes a large variety of asset types and sizes, mostly in Amsterdam but also in some more regional cities outside the Randstad. This meant that the number of international lenders able and willing to handle this loan size and complexity was limited. Detailed presentation of key assets and key micro markets was an essential tool in negotiations with potential lenders.
Tailor made financing providing certainty of funding and pricing
Given the strong track record of Sponsor and the solid fundamentals of the portfolio, the Lender was willing and able to structure a pre-committed loan that met Sponsor’s requirements.
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