Aeriance issues €135m of loans across 10 deals

European lending specialist Aeriance Investments said on Friday it has provided €134.2 mln of real estate loans in 10 deals so far this year to finance transactions across the UK, France and the US.

Aeriance issues loans on behalf of two dedicated funds, Opportunistic Real Estate Loan Fund 1 (OREL1) and Aeriance Mezzanine Real Estate Debt Fund 2 (AMREF 2).

The financings included a €32 mln loan, €3 mln of which was extended for the redevelopment of a warehouse property in Clerkenwell, London to create a mixed-use scheme which includes residential.

In Weybridge, Aeriance has advanced a €7 mln bridge-to-sell facility to a private property developer while on London’s New Oxford Street it has provided a loan of around £15.3 mln to part fund the acquisition and development of a freehold site.

In France, a €25 mln mezzanine loan was issued to a city-centre retail specialist.

Commenting, Harin Thaker, chief executive of Aeriance Investments, said: 'We are continuing to see a variety of different lending opportunities and are excited by the deals that exist in the market across the full range of the risk spectrum. We are very pleased to be supporting on a number of interesting development projects, in addition to our entrance to both the US market and the robust private rented sector.'