Via Capital successfully closes first deal (ES)

Via Capital Limited, the real estate investment banking arm of Aareal Bank has successfully acted as arranger to the innovative mortgage loan originator, Surrenda-link Mortgage Holdings Limited with respect to a structured secured term funding facility.

The facility will permit SLMH to fund the origination of cash release mortgages over residential property secured in Spain for the non-resident owners of these properties. Via Capital already advised SLMH with regard to the establishment of the new company by the end of last year.

Via Capital’s team for this transaction comprised Rupinder Sehmi and Kristin Steinberg. “In an increasingly competitive market, it has been a pleasure to be chosen by SLMH to act as their advisor”, Rupinder Sehmi, Director of Via Capital stated. “In this important assignment, Via Capital has utilized its long standing experience in the successful execution of complex multijurisdictional real estate transactions, whilst ensuring that both originator and investor objectives are satisfied. We look forward to working alongside SLMH’s team in the future and arranging further finance facilities for the Spanish cash release residential mortgage product and additionally, advising on further products that the company develops”, he continues.

James Schwinn, Chief Executive Officer of SLMH adds : “In partnership with the considerable talents of Via Capital, SLMH was not only able to realize a seminal funding structure, but was able to establish a solid foundation upon which to grow rapidly and efficiently its future access to the term funding markets.”

Source: Aareal Bank

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