London – 24 April 2022 - LQ Securitisation SV (LQ SV) advised by Lodge Quai Advisors LLP (LQ) announces the repayment of a senior secured bridge loan by entities controlled by Aqua Ventures International (AVI), a repeat borrower of LQ.
The bridge loan was provided at 63% loan-to-value allowed AVI to acquire three logistics assets in Poland that are 100% let to credit-worthy tenants occupying 21,166 sqm of lettable area with a weighted unexpired lease term of 7.36 years. Post acquisition, AVI undertook to source and put in-place local country mortgage debt which allowed for the repayment of the bridge loan.
LQ SV realised a gross IRR of 14.8%.
LQ continues to see the dislocation in the debt finance markets as an opportunity to provide whole loan solutions to borrowers that need acquisition or shortfall financing. LQ is a viable solution to traditional finance providers that continue to be constrained or have even exited the real estate finance market.
LQ's real estate debt strategy: LQ's team provides flexible private capital solutions to small-to-medium sized companies, asset owners and other borrowers across Europe where the underlying collateral is real estate. We pursue complex, bilateral negotiations with parties who seek options that traditional real estate finance sources do not provide. LQ provides speed of execution, and its flexible capital allows for be-spoke structures to meet borrowers' financing needs.
Geography: UK/Europe
Ave. Investment Size: €/£5-40m
LTV/LTC: Up to 80%/85%
Ave. Term: 1-3 years
Asset Class focus: No office or retail
For further information please contact Michael Dey on +44 20 8158 6380 (md@lodgequai.com)