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Walker & Dunlop Capital Markets | EMEA recently arranged a €168.14 million refinancing for Project Dutch Lion, a diversified portfolio of 19 office assets located across eight municipalities throughout the Netherlands.
Led by Claudio Sgobba and Patrick Smith the financing was arranged on behalf of Time Equities Inc., a privately held global real estate investment, development, and asset management company headed by Francis Greenburger. The debt capital was secured from U.K.-based insurer Aviva Investors, the global asset management business of Aviva plc.
The transaction, which closed at 55% loan-to-value, consists of a €118 million refinancing and a €50 million accordion facility for future acquisitions and portfolio growth.