CAERUS Debt Investments AG, a leading European real estate debt provider, has refinanced two senior secured loans totalling €55.5m for a mixed-use portfolio in the Netherlands. The move underscores institutional appetite for defensive, income-generating assets as borrowers navigate a tighter financing environment.
The loans, valued at €20.7m and €34.8m respectively, are secured against two diversified portfolios comprising 46 assets with a total market value exceeding €95m. The portfolios span multiple cities including Utrecht, Rotterdam and The Hague, and are anchored by residential properties complemented by retail and hospitality assets. The combined lettable space measures approximately 35,000 m² and is nearly fully occupied.
The refinancing was arranged at conservative LTVs ranging between 52 and 63 percent, providing investors with a cushion of downside protection. For institutional backers focused on stability and cashflow resilience, the granular composition of the portfolios offers reduced exposure to single-tenant or single-location risk—an increasingly attractive proposition in today’s volatile market.
“We are delighted to be able to provide refinancing to a long-standing Dutch client of CAERUS in a difficult financing environment for borrowers. At the same time, the granular structure and correspondingly small-scale spread of letting risks in both portfolios enables us to offer our institutional investors a risk-conscious but attractive investment opportunity in the Dutch residential segment,” said Peter Anthuber, Chief Investment Officer, CAERUS.
The legal framework for the deal was overseen by Noerr and VVW Advocaten, providing cross-border support crucial to navigating regulatory frameworks across the Benelux region. The transaction is part of a broader €2.7bn loan portfolio advised by CAERUS, underlining its strong position in the European real estate debt space.
As demand for rental housing in urban Dutch markets continues to rise, this deal highlights the enduring appeal of stable, well-let residential-focused portfolios. With high occupancy and diversified asset composition, these types of refinancings are likely to become more relevant as banks pull back and alternative lenders take the lead.
People mentioned
Peter Anthuber – Chief Investment Officer, CAERUS
Companies mentioned
CAERUS Debt Investments AG – Real estate debt investment manager and deal advisor
Noerr – Legal advisor
VVW Advocaten – Legal advisor
Image source: CAERUS Debt Investments AG (Editing is limited to the scope of normal image processing)
