German lender Berlin Hyp has provided a loan to French REIT Société des Bois et Scieries de la Manche (SCBSM) to refinance two mixed-use buildings in Paris.
German lender Berlin Hyp has provided a loan to French REIT Société des Bois et Scieries de la Manche (SCBSM) to refinance two mixed-use buildings in Paris.
The bank has granted a €42 mln loan to fund the assets, which are located at 12 rue Godot de Mauroy and 91 rue de Réaumur in Paris' Central Business District.
The seven-year facility will be used to refinance existing loans and to fund SCBSM's future growth.
Berlin Hyp acted as sole arranger and lender for the whole loan amount.
Ashurst Paris and Etude Flusin acted as advisers to the lender. The borrower was advised by Etude Lasaygues.