Development co based in Germany
- Overseas client instructed BBS to arrange a €30m investment loan secured against a newly constructed mixed use development located in Berlin.
- The 42,000 sq ft mixed use development comprised housing, offices and a nursery school.
- There were numerous challenges in arranging the finance and political sensitivities excluded German banks from the process.
- Borrower wanted a long term loan but with the flexibility to continue developing on the site.
- We arranged a 10 year loan with a UK based debt fund who are willing to support future development.