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TopGolf Germany - LQSV Mezzanine Loan Repaid

TopGolf tennis academy, Oberhausen, Germany

LQ Securitisation SV s.a r.l. (LQSV) advised by Lodge Quai Advisors LLP (LQ) arranged a three year €9m mezzanine loan to Greenreb AG (GR) in April 2021 to complete the development funding of the first TopGolf leisure and entertainment complex in Europe, at Oberhausen, Germany.

The mezzanine loan was repaid on 14 June 2024.


Michael Dey, Portfolio Manager, Debt said:

“Lodge Quai continues to see the dislocation in 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:  

Lodge Quai 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.

The LQ team pursue complex, bilateral negotiations with parties who seek options that traditional real estate finance sources do not provide.

With speed of execution, LQ’s flexible capital allows for bespoke 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     

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