LOANLAND provides mezzanine financing for residential development
Frankfurt am Main, November 7, 2023 – The Stuttgart-based ZuHause Real Estate Group onboarded the investment manager LOANLAND to finance a residential project development. The fund, “LOANLAND Real Estate Tactical Credit Fund I S.C.A SICAV-RAIF (“LLRETCF I”)” advised by the Frankfurt-based company provides a mezzanine loan for the project.
The development is currently in construction phase and will be completed in the second half of 2024. The majority of the residential units have already been successfully sold.
With this transaction, LOANLAND has arranged the third financing for the fund, which was launched in mid-2023.
The LLRETCF I was previously involved in the financing of a logistics project development in Lower Saxony in the form of a whole loan and in the financing of residential properties in Berlin with a mezzanine loan.
Overall, the LOANLAND Real Estate Tactical Credit Fund I S.C.A. SICAV-RAIF invests a three-digit million amount in existing properties and project developments for a German insurance company by granting whole loans and mezzanine financing. The targeted ticket sizes typically range between 10 and 35 million euros. In order to continue its growth trajectory, the LLRETCF I has additional liquid funds available for whole loan and mezzanine financings of various asset classes.