Aeriance Investments has provided £50m of real estate loans in the third quarter and indicated that appetite for debt was showing no signs of abating in the last three months of the year.
The European commercial real estate lending specialist is assessing and undertaking loan requests “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.
Aeriance has advanced four further loans for a total value of £49.45m following issuance of £133m of loans in the third quarter.
It is continuing to build its commercial lending offering with a £20m loan to new client Golfrate, the London-based property management company, to fund the acquisition of 11 pubs from Punch Taverns and individual investors in the South East, as Property Week previously reported.
A short-term commercial bridge loan of £11.75m was also advanced in the third quarter to a Nordic client to facilitate the acquisition of assets with a view to refinancing them shortly afterwards.
The lender is also seeing further attractive opportunities in the residential market: it provided a £17.7m loan to a consortium of foreign investors led by the Radco Group for the acquisition and development of residential properties in Muswell Hill, north London.
This loan will be used to convert an office building into 35 luxury flats expected to be worth a total of around £26m.
Harin Thaker, Aeriance’s chief executive, said:
“While we remain selective about the deals we take on, those that we have executed over the past three months illustrate both the quality and diversity of real estate transactions that can benefit from working in partnership with the Aeriance debt platform.”