Barings Real Estate has financed a luxury hotel in London鈥檚 West End with a 拢165m (鈧�184.7m) loan facility.
Barings said the seven-year, fixed-rate first mortgage loan facility is secured against the Hotel Caf茅 Royal, a 150-year old five-star luxury hotel.
The loan, which represents a 47% loan-to-value, will be used to refinance existing debt.
This financing means Barings鈥� European real estate debt team has underwritten loans over the last 12 months across the capital stack including senior debt, development financing and whole loans in a range of traditional and alternative real estate sectors including student housing and the private rented residential sector.
Chris Bates, the head of real estate core mortgage Europe at Barings Real Estate, said: 鈥淭his transaction demonstrates Barings鈥� continued appetite for significant debt financings in the alternative sectors of the UK real estate market, as the team focuses on growing the platform.鈥�
