Whole loan for portfolio with commercial real estate
In this financing for the purchase of real estate, it was necessary to meet the conditions of a joint venture. JCC was able to offer a creative solution.
A commercial real estate package was to be purchased, not by a single company but by a joint venture.
The joint venture had to be structured in such a way that a credit institution would be able to obtain additional collateral from the joint venture in addition to the usual collateral contained for such a package. A whole loan concept was required with 10% equity available.
First a special purpose vehicle (SPV) set up with the involvement of JCC, acquired the target package directly instead of the joint venture. This situation enabled a 15% mezzanine and another 75% senior loan to be put together and the target package funded for 3 years. (Financing total € 138 million)