Global alternatives firm, Värde Partners, has structured a €70 mln refinance agreement with Ireland’s Moran Group for commercial real estate assets in Dublin.
The loan is backed by the newly developed Rockpoint apartment complex in south Dublin as well as the Red Cow Moran Hotel and adjacent Red Cow Inn pub located in southwest Dublin.
The Moran Group, run by the Moran family of prominent hoteliers, has owned and operated the Red Cow complex for more than 30 years. Rockpoint, completed in January 2024, is the newest addition to their portfolio of residential properties.
Tony Iannazzo, a partner at the firm, said the deal exemplified Värde’s approach to structuring financing solutions for strong borrowers backed by well-located assets.
Founded in 1993, the firm currently manages approximately $13 bn of assets with teams in North America, Europe, and Asia Pacific.