17th May 2013 18:11
17 May 2013
Duet Real Estate Finance Limited
("DREF" or the "Company")
Investment Update
The board of the Company is delighted to announce that the Master Fund has funded its final transaction, successfully completing its investment programme in accordance with its investment strategy. The final transaction is a £39.5million mezzanine loan backed by an office located in the City of London.
The fully invested portfolio of the Master Fund consists of 15 investments totalling £264.7 million invested, with a current blended loan-to-value ratio of 70.1%, along with a blended cash pay coupon and payment-in-kind coupon of 9.8% and 2.1% respectively.
For further information, please contact:
DRC Capital LLP Dale Lattanzio Cyrus Korat | +44 (0)20 7042 0600 |
Oriel Securities Limited Neil Winward Neil Langford | +44 (0)20 7710 7600 |
Related Shares:
DREF.L