Friday, 12 June 2015
Aeriance completes €135 mln of loans across 10 deals (EU/US)
Aeriance Investments S.à.r.l. has had a strong start to 2015, having undertaken 10 deals and provided €134.24 mln of real estate loans to a variety of borrowers to enable the execution of transactions in the UK, France and the USA.
Aeriance assesses and undertakes loans on a selective basis on behalf of its two dedicated funds, Opportunistic Real Estate Loan Fund 1 and Aeriance Mezzanine Real Estate Debt Fund 2. As was the case in 2014, the company has been very active in providing financing support on a number of smaller scale development opportunities.
It has provided a circa €32 mln loan, €3 mln of which was a development loan, for the redevelopment of a warehouse property in Clerkenwell to create a high-end mixed use scheme which includes residential.
Activities in 2015 have also seen it grant loans in both France and for the first time the USA. In this market, Aeriance has provided a $20 mln (€21.35 mln) short term equity bridge loan to fund the purchase of seven multi-family residential buildings comprising 2,032 individual units in Texas and North Carolina which will be let out to the growing private rented sector. In France, a €25 mln mezzanine loan was issued to a city centre retail opportunities specialist to scale up their ambitious real estate programme.
Source: FTI Consulting