Zorin Finance has refinanced a commercial portfolio on a 3-year 60% LTV facility.
The £67m portfolio consists of eight investment properties: three industrial assets, four offices and one retail park, with a of nearly 600,000 square feet of commercial space across the UK. The portfolio benefits from both geographic and tenant diversification, with strong occupancy levels.
The borrower client is an established pan-European investor with €3bn under management and an extensive portfolio that includes real estate, healthcare and technology businesses. Zorin looks forward to building a strong relationship with the borrower.
Zorin’s investment loans are available up to 5 years with max LTVs ranging from 60% to 75% depending on asset class, and with loan sizes between £2m-£150m. Flexible debt structuring allows for servicing via a combination of interest current and PIK.