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Opportunities for Real Estate Debt in an uncertain world
There has been nothing normal about the last 6 months. Our real estate debt team has adapted to the “new not-normal”. Join their in-depth discussion on opportunities and challenges in the current climate.
Our approach
We provide loans to a full spectrum of clients from REITS and institutional funds through to family offices, private property companies, developers and opportunity funds. We also cover all main asset classes including office, retail, industrial and residential as well as smaller sectors such as student accommodation, hotels and serviced apartments.
As we cover such a wide range of opportunities, we’ll put together a team with the skills and experience to deliver a bespoke outcome for each deal.
Lending terms
Every transaction needs a bespoke approach. We therefore pride ourselves on our flexibility and our ability to listen. We will work with you to develop the right structure based on your requirements and taking into account the underlying assets and tenants.
These guidelines provide an overview for UK transactions:
- Loans range from £5m up to £200m + against a single property or larger sums for real estate portfolios.
- We offer loans that are typically of up to 65 per cent of the value or purchase price of a property, but this can be greater in the event of particularly high income quality.
- Fixed rate loans terms can extend as long as 25+ years and can be as short 3 years, although most of our lending is longer than five years.
- Floating rate loans can extend up to 7 years.
-For European transactions:
- Our Euro loans range from €10m to €65m.
- Loan terms range from three to ten years, on either a fixed or floating basis.
If you have a proposal which you would like to discuss, please contact the relevant member of the team.
Lending process
We aim to provide a transparent and efficient approach to providing loans.
Initial information
To ensure that we can provide you with our best loan terms, we will need as much information about the property or portfolio as you are able to provide. Typically this will include a list of properties, tenancy lists and any recent valuation information to the extent available. Ideally we would like receive this information by email, but we are always happy to discuss applications over the telephone first, if that is helpful.
Underwriting your application
Upon receipt, we will review the information you have provided and revert with any clarifications ahead of providing an initial indication. Our underwriting makes use of our considerable experience and draws on the knowledge of dedicated tenant credit analysts and our team of in-house valuers. Once an agreement on the commercial terms of a loan has been reached, we will proceed to our investment committee for formal approval.
Heads of terms
Once investment committee approval is gained, we will send you a term sheet, formally confirming our proposal and requesting official acceptance. Once acceptance has been confirmed, the due diligence and execution process will commence including appointment of external valuers and lawyers who will liaise with your appointed advisers.
Real estate debt news
Aviva Investors provides real estate financing across three office acquisitions
13 Jul 2020
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided a senior debt facility towards the purchase of three office assets across the UK.
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Aviva Investors agrees additional £35 million debt deal with Big Yellow Group
6 Apr 2020
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has agreed to provide an additional £35 million in debt financing to Big Yellow Group, the UK-based self-storage company, on behalf of Aviva UK Life’s annuity business.
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Aviva Investors completes £29 million refinancing of regional logistics assets
16 Dec 2019
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has completed a further advance of £28.9 million to refinance a portfolio of regional logistics assets, on behalf of the annuity business of Aviva UK Life.
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Aviva Investors completes £83 million logistics portfolio refinancing
2 Dec 2019
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has announced that it has completed a £83.15 million deal to refinance a portfolio of regional logistics assets on behalf of Aviva UK Life’s annuity business.
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Aviva Investors completes a £10.9 million deal with Valor Real Estate Partners LLP
21 Nov 2019
Aviva Investors, the global asset manager business of Aviva plc, has agreed a £10.9 million, 7-year, fixed rate loan Valor Real Estate Partners LLP for a warehouse in Acton, West London.
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Aviva Investors and Romulus agree £136 million central london portfolio refinancing
20 Nov 2019
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has announced that it has completed a £136 million deal to refinance a portfolio of mixed-use assets in Central London.
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Aviva Investors completes a £33.5 million deal with AshbyCapital
14 Oct 2019
Aviva Investors, the global asset manager business of Aviva plc, has agreed a £33.5 million, 5-year, fixed and floating rate loan with AshbyCapital to finance Abbotsinch Retail Park in Paisley, near Glasgow.
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Aviva Investors provides £236 million financing for student accommodation portfolio
19 Aug 2019
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has announced that it has completed a deal to finance the acquisition of a portfolio of student accommodation assets in the UK.
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Aviva Investors wins Property Lender of the Year
7 Jun 2019
Aviva investors recently won the Property Lender of the year award at the 28th PROPS Awards, which is one of the highlights of the property industry’s calendar and raised £410,000 for Variety, the Children’s Charity.
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Aviva Investors Real Estate Finance has completed a £9.36m deal with Bridges Fund Management on Castle House in Leeds
13 Feb 2019
Aviva Investors, the global asset manager business of Aviva plc, has agreed a 5-year, fixed-rate loan with Bridges Fund Management for Castle House office building, which is let to the Government.
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Aviva Investors and M&G Investments Provide £100 million Refinancing to Urbanest on Landmark Vauxhall Scheme
22 Jan 2019
Aviva Investors and M&G Investments have completed a £100 million refinancing deal with London-based Student accommodation developer-operator Urbanest for its landmark purpose-built student accommodation (‘PBSA’) scheme in Vauxhall.
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Aviva Investors Real Estate Finance refinances £132m legacy portfolio for Bourne Capital
14 Jan 2019
Ten-year loan backs Queensway and Waterloo Estate redevelopments and future deal-flow.
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Aviva Investors Real Estate completes financing for Lazari Investments Ltd
15 Dec 2017
Aviva Investors has announced the completion of two commercial real estate finance transactions to Lazari Investments Limited totalling c£145m.
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Aviva Investors finances portfolio acquisition for Ediston Property Investment Company plc
14 Dec 2017
Aviva Investors has announced the completion on a £54.16m fixed rate 10-year facility to a wholly owned subsidiary of Ediston Property Investment Company Plc (LSE: EPIC).
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Aviva Investors completes Regional Reit Ltd Financing
4 Dec 2017
Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), today announces the completion of a £75 million fixed rate 10-year facility to Regional REIT Limited (LSE: RGL).
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Aviva Investors Real Estate Finance refinances portfolio of assets for Aquila
1 Nov 2017
Aviva Investors, Real Estate Finance announces the completion on a £144m fixed rate 7-year facility to private property company Aquila Finance Limited.
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