Author Archive

Signal agrees Ibiza hotel loan

BBS Capital, the debt advisor and asset manager, has arranged, on behalf of a private hotel group, a €50m facility with Signal Capital Partners, for the acquisition and development of Orquidea Aparthotel, a circa 12,000 sq m hotel in the exclusive town of Santa Eulalia on the island of Ibiza. The loan was used to […]

Octopus funds London portfolio deal

Niche UK lender Octopus Property has provided a £31.3 million short-term loan to fund the purchase of a London office portfolio ahead of its conversion into apartments. The acquisition facility, arranged by debt advisory firm BBS Capital for a private property company, has a loan-to-value ratio of 65 percent. The facility is understood to have […]

PGIM finances Fox Court buy

PGIM Real Estate Finance has provided a £50.1m loan to the private Middle Eastern investor which acquired Fox Court, a 103,555 sq ft office property in Central London’s Midtown. The loan reflects a 49.38% LTV on the £101.45m purchase price, which reflected a capital value of £979.67 per sq ft. PGIM Real Estate Finance, among […]

Octopus Property completes £24m bridging loan

Octopus Property today announced it has completed an urgent commercial bridging loan to facilitate the acquisition of a £24m office building within just four working days. The enquiry was received by Justin Cooper from Westley Richards of Buchler Barnett Spencer late last Wednesday, at which point the team began underwriting the deal before instructing Steve […]