TIAA-Henderson has completed a series of loans from its lending platform TH Real Estate.
Two of the facilities have been extended on London property, with the third asset a northern retail and business park.
A £100m loan was signed in January for a retail park in the north of England. The loan was a 20-year fixed rate facility which TH Real Estate arranged in just four weeks.
An £85m seven-year loan was closed in December on a portfolio of three prime office and retail sites in central London at a 63% LTV. The facility was fixed rate and interest only.
Another loan, a five year mezz and senior facility at 74% LTV, was signed in December for student housing in West London. TH Real Estate will retain the floating rate senior portion at 55% LTV and sell down the mezzanine.
Christian Janssen, head of real estate debt at TH Real Estate, said: “We are very pleased to have established the UK debt platform and closed this series of investments, leveraging TH Real Estate’s comprehensive real estate research, equity and debt capabilities.”
