European commercial real estate debt specialist Aeriance Investments said on Monday that it has provided four loans totalling £50 mln (€63 mln) over the past three months.

European commercial real estate debt specialist Aeriance Investments said on Monday that it has provided four loans totalling £50 mln (€63 mln) over the past three months.

The company, which manages two dedicated funds, Opportunistic Real Estate Loan Fund 1 and Aeriance Mezzanine Real Estate Debt Fund 2, has provided a £20 mln loan to London-based property management company Golfrate to fund the acquisition of a South East pub portfolio. The two-year, whole loan has been secured against an existing 20-asset mixed-use portfolio of properties located around Greater London.

A commercial bridge loan of £12 mln was also granted to a Nordic client for a short-term duration to allow the acquisition of assets with a view to refinancing them shortly afterwards.

In addition, the company has provided a loan of £18 mln to a consortium of foreign investors led by the Radco Group for the acquisition and development of residential properties located in Muswell Hill, North London. The stretched senior development loan will be used to convert an office building into 35 luxury apartments with a gross development value of £26 mln.

Aeriance Investments is the management company of Aeriance FCP-SIF, a multi-strategy debt fund platform incorporated in Luxembourg. The Aeriance team currently manages €600 mln of European debt fund investments across the capital structure including senior, mezzanine and segment specific funds.