9th Mar 2020 15:33
(Alliance News) - Starwood European Real Estate Finance Ltd said on Monday it has received a full and final repayment of a EUR16 million loan on an office in Paris and EUR9.3 million of unscheduled amortisation on the loan on a mixed portfolio in Europe.
The investment company also said it committed to two other investments in February.
On February 12, Starwood committed GBP15.0 million to an undisclosed repeat borrower to fund a hotel acquisition financing. Starwood will provide an initial advance amount of GBP10.5 million. The loan has a term of five years.
The investment firm also committed to fund a GBP20.0 million upsize to an existing fixed rate mezzanine loan to support the development of a mixed-use scheme in London. Starwood Property Trust Inc is participating in 50% of the loan amount.
Following the investments, Starwood European is invested in around GBP16.5 million of net debt, and commitments of around GBP78 million.
The stock was trading 2.2% lower at 97.00 pence each on Monday afternoon in London.
By Ife Taiwo; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Starwood Eur