Private property company O&H Holdings has secured its second loan from German lender Deutsche Pfandbriefbank.
The bank has provided Eli Shahmoon’s and David Gabbay’s company with a £25m loan to refinance a four-strong portfolio of London properties.
The facility is secured on a portfolio of 4 mixed-use offices with shops or flats located in Midtown, Mayfair and Knightsbridge, and a parade of high street shops with flats above in Finchley, north London.
In October last year, O&H Holdings agreed a £78m loan from pbb, which was secured on a portfolio of Mayfair offices and The Heart shopping centre, Walton-on-Thames.
It was the parties’ first deal together.
Charles Balch, head of real estate finance international at pbb, said: “We are delighted to be providing finance to the O&H Group. The transaction is our second deal with O&H Holdings, and we look forward to building on this in the future.”
Gabbay, director of the O&H Group, said: “‘This deal further strengthens the established relationship between O&H and pbb Deutsche Pfandbriefbank, and we look forward to more opportunities to work together.”
bridget.oconnell@estatesgazette.com
