Aeriance provides €25m loan to Golfrate in the UK

Aeriance Investments - led by Harin Thaker - has provided a £20 mln (€25 mln) financing to Golfrate, a London-based property management company.

The two-year whole loan has been secured against an existing 20 asset mixed-use portfolio of properties located across Greater London together with funding for the acquisition of a pub portfolio.

The existing portfolio comprises well-let retail and residential investment properties, while the pub portfolio offers value-add, redevelopment opportunities, the company said in a statement.

This is Aeriance’s first loan to Golfrate.

Aeriance's CEO Harin Thaker was formerly head of international property finance at Deutsche Pfandbriefbank. Commenting on the deal, Thaker said, 'Golfrate has built a strong reputation in the successful acquisition, re-positioning and management of single assets and portfolios in London.'

Thaker said that the company continues to look for opportunities to lend on UK and European real estate for commercial whole loan and mezzanine finance. 'Our flexible loan terms of up to 85% LTV and 6 month to five-year loan durations coupled with speed of delivery are suitable for investment deals as well as development. We are also interested in refinancing of highly leveraged legacy loans for borrowers with limited equity but a strong asset management strategy underpinned by solid real estate,' Thaker noted.

Aeriance Investments is the management company of Aeriance FCP-SIF, a multi strategy Debt fund platform incorporated in Luxembourg.

The Aeriance team is currently managing €600 mln European debt fund investments across the capital structure including senior, mezzanine and segment specific funds.