German lender Berlin Hyp said on Thursday that it is providing a loan of €37 mln to Commerz Real’s hausInvest open-ended fund over a term of five years.
The facility will finance a total of 11,700 m2 of residential space in Berlin’s Wannseegärten development, as well as an apartment building complex in the Frankfurt district of Ostend, directly adjacent to the European Central Bank.
The deal follows a €154 mln financing facility provided by Berlin Hyp at the end of 2020 to finance a 12-asset strong residential portfolio owned across Germany by hausInvest.
