Aeriance writes €270m of real estate loans in 2015

European real estate lending specialist Aeriance Investments granted a total of €270 mln across 20 loans during the year.

This takes the total amount of business written by Aeriance since raising its first debt fund in 2008 to €1.6 bn.

Almost €53mln of mezzanine loans were extended in the UK, US, Sweden and France. Aeriance also provided a number of developers with bridge finance and development loans, helping to support the growth of entrepreneurial property companies.

Most recently, Aeriance provided Golfrate, the London-based property management company, with its second bridge acquisition facility in 12 months. The second loan of £13 mln was to enable Golfrate to acquire a number of mixed-use commercial properties in London with value-add redevelopment potential, following an £20 mln loan granted earlier in the year.

Aeriance also recently closed a £8.875 mln bridge loan to assist the acquisition of an industrial warehouse in Green Lanes, close to Finsbury Park, London. The loan will enable Hadley Property Group to be partially funded whilst applying for planning for the intended 138 apartments. In addition to the bridge to planning loan, Aeriance has provided a £2.8 mln VAT facility.

Commenting, Harin Thaker, CEO of Aeriance Investments, said: 'We are looking forward to a busy 2016, moving the current pipeline forward with new funding opportunities across bridging, whole loan development in residential and commercial as well as mezzanine financing in both the UK and Europe.'