Laxfield Capital has closed two deals totalling £54.2m with German mortgage bank Münchener Hypothekenbank.
One is a £29.2m participation in a senior debt facility provided by Lloyds Banking Group to finance the purchase of a portfolio of central London assets, and the other is a £25m stake in the financing of a City office building.
Adam Slater of Laxfield Capital said: “At a time when major lending institutions are withdrawing from the real estate debt markets, we are extremely pleased to have advised MünchenerHyp on these two deals, which sit well within their strategy of core lending in good locations.
“The ongoing lack of liquidity in the lending markets has ensured institutions with strong funding resources are able to select from a growing number of compelling opportunities such as these transactions announced today.
“We will continue to work closely with our client to source and evaluate similar opportunities in the coming months.”
Bernhard Heinlein, board member of Münchener Hypothekenbank said: “The UK continues to be a core market for our commercial lending business.
“As ever we follow a conservative policy, but with our strong refinancing position, this is the right time to increase market share with good clients.”
Laxfield Capital is a debt origination and loan management business focused on UK real estate.
Sophia.Furber@estatesgazette.com
