Affinius Capital has deployed the inaugural loan from its recently launched European debt platform, providing £80m (€68m) to a partnership backed by HIG Capital affiliates.
The facility refinances two UK student housing developments in Leeds and Lancaster.
Standard Chartered provided the back-leverage financing for the transaction.
Shaun Connery, MD and head of European lending at Affinius Capital, said: “Supporting high-quality sponsors with tailored financing solutions is core to our European lending strategy.”
Jeff Fastov, senior MD and co-portfolio manager at Affinius Capital, said: ”Our team brings a wealth of experience and a deep understanding of the European market.
“By combining our expertise and relationships in the region with our proven underwriting capabilities, we can structure bespoke financing solutions to meet the evolving needs of borrowers and partners.”
To read the latest IPE Real Assets magazine click here.
