High residential share supplemented by retail and gastronomy ensures attractive tenant mix and favourable risk-return profile. LINUS continues to drive forward the strategic expansion of portfolio financing.
LINUS Digital Finance is further diversifying its own financing portfolio and expanding the share of existing financing through a new mezzanine loan in Darmstadt. This involves a low double-digit million sum that is being used by a well-known local project developer to refinance a mixed-use property in Darmstadt's city centre.
The almost fully let property comprises around 7,300 square metres of lettable space and, in addition to a high proportion of residential space, also includes retail and gastronomy on the ground floor. Due to the attractive location, the diversified tenant structure and the track record of the borrower, the property is already significantly oversubscribed on LINUS Digital Finance's digital platform for co-investors.
"With this property, all the factors were simply right - from the macro to the micro location and the tenant mix to the occupancy rate and the owner's business case. In the future, we want to increasingly finance mixed-use portfolio properties and thus offer our co-investors an even more diverse range of products. Whether senior or junior, project development or portfolio financing, we are always looking for attractive risk-reward profiles," says Lucas Boventer, Managing Director - Investments at LINUS Digital Finance.
About LINUS Digital Finance:
LINUS Digital Finance finances real estate projects with debt and mezzanine capital. The Berlin-based company always acts as an anchor investor in its mezzanine and whole loan investments. LINUS enables semi-professional and institutional investors to participate in the investments made by a self-managed debt fund via the digital platform. 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 around 550 million euros of capital in real estate projects since its founding, thus financing a project volume of over 1.5 billion euros.
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