Aeon extends £450m funding deal with LND Capital.
Aeon Investments has extended its £450m funding agreement with London based lender LND Capital to originate commercial real estate loans in the UK. One of the UK’s “leading banking groups” is also participating in the funding agreement, which will help LND Capital to continue to support small and midcap commercial real estate borrowers. The lender specialises in loans of between £2m and £30m, across all major sectors.
Oumar Diallo, chief executive at Aeon Investments, said: “This agreement further demonstrates our belief in the commercial real estate sector, despite prevailing headwinds due to rising rates, surging inflation, and uncertain outlook. We firmly believe that rigorous asset selection and loans with prudent LTVs and conservative debt coverage ratios will ensure CRE debt remains an asset class with sound risk/reward ratios.”
Nicolas Vocos, chief executive at LND Capital, added: “We are happy to continue our partnership with Aeon, and to welcome a major British banking group to our commercial real estate lending platform. “We are glad to have secured this funding line, which demonstrates our commitment to providing much-needed finance to the underserved mid-market in the UK commercial real estate sector.”
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