The Berlin real estate investment company LINUS Capital has granted a 65 million Euro senior financing to a Berlin project developer.
The Berlin real estate investment company LINUS Capital has granted a 65 million Euro senior financing to a Berlin project developer. The loan will be used to refinance the purchase of an existing building with an office space of almost 15,000 sqm in the southwest of Berlin as well as to finance the revitalization of the existing space and a new construction project. LINUS had already supported the project in the purchase phase with mezzanine financing. "The demand for office space in Berlin continues unabated. Coherent spaces of this size are an exception and therefore particularly in demand", explains David Neuhoff, CEO and head of the investment team at LINUS.
The loan will be granted by the 350 million euro debt-fund managed by LINUS together with an institutional co-investor, who is already investing together with the Berlin-based company for the second time. After the refurbishment, the building will be re-let.
The total loan volume structured by LINUS now amounts to more than 500 million euros, of which around four-fifths is in the whole loan segment. The advantage of whole-loan financing is that the project developer works with only one financing partner, which makes the process much faster and less complicated. "By working together during the purchase financing, we have already been able to establish a good relationship with the project developer and are therefore all the more pleased to be able to accompany the refinancing by means of our Whole Loan," says David Neuhoff.
About Linus Capital:
LINUS Capital finances real estate projects with debt and mezzanine capital. The Berlin-based company always acts as an anchor investor in the mezzanine and whole-loan investments it makes. Once the loan has been granted to the project developer, LINUS enables experienced private and institutional investors to participate in the investments made. The term of the loans is usually between 12 and 36 months. As a capital management company (KVG), LINUS is supervised by Bafin and, together with co-investors, has invested a total of approximately 500 million euros in capital in real estate projects since its foundation. In October 2019, Linus was able to increase its self-managed debt fund by another 300 million euros.
Media contact Linus Capital
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