BBS Capital has arranged a facility with Starz Real Estate to refinance the shareholder loans used to acquire Brixton Market.
The funding is for a joint venture between Angelo Gordon and Hondo Enterprises, which purchased the 60,363 sq ft London market earlier this year.
Starz Real Estate is a newly launched debt fund, and this transaction represents its second investment.
Starz provided a five-year term facility representing an LTV of 68%.
Hondo Enterprises will continue to lead on the purchase, management and decision-making within Brixton Market.
Adam Buchler, of BBS Capital, said: “The unique potential of this asset and the quality of the sponsor attracted strong interest from a number of lenders.
“In such a competitive debt market it’s important that we have the confidence to work with newly formed lenders such as Starz if we are to optimise the position for our clients.”
To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette
