Our approach
We provide loans to a full spectrum of clients secured against core, essential assets, as well as innovative value-add projects, and special opportunities with asset security and strong financial covenants.
With over 40 years of experience in real estate lending, we deliver tailored financing solutions and originate directly through our long-standing partnerships with high-calibre sponsors. Our platform offers both investment grade and high-yield strategies, supported by a dedicated team of specialists.
We pride ourselves on our flexibility, and ability to listen. We leverage this, together with our integrated Private Markets platform, to develop the bespoke structures needed to support your business plan.
Lending terms
Our appetite spans the market. As such, we differentiate the guideline loan parameters below to be commensurate with the credit quality of a transaction. If you have an opportunity outside of these typical ranges, please get in touch to discuss.
| Core Acquisition and refinancing of stabilised assets. | High Yield Transitional finance covering acquisition, stabilisation, and development. | |
| Jurisdiction | UK and Europe | UK and Europe |
| Seniority | Senior | Senior and Mezzanine |
| Size | Min. £40m | Min. £15m |
| Leverage | Up to 60% LTV | Up to 80% LTV, and 75% LTC |
| Interest rate | Fixed – 5yrs or longer; Floating up to 7 years | Fixed/Floating |
Sustainable Transition Loans
Buildings are responsible for around 40% of energy consumption and 36% of CO2 emissions in the EU, and almost 75% of the building stock is inefficient.* In order to accelerate the transition of these buildings.
Aviva Investors has developed a proprietary framework for Sustainable Transition Loans for Commercial Real Estate.
Lending process
We aim to provide a transparent and efficient approach to providing loans.
1. Initial information
We are best able to provide terms with a complete picture, so please provide as much relevant information as possible to our mailbox: loan term, size requested, property and tenant information, valuation information, and business plan with relevant detail of plans for construction or repositioning of assets.
2. Underwriting your application
Having reviewed the details provided, we will work with you to provide an initial indication of our loan terms.
Our underwriting draws on our considerable experience, including dedicated credit analysts who are engaged to ensure the deliverability of the proposal. Once commercial terms are agreed, the transaction will be presented to our global investment committee for formal approval.
3. Heads of terms
Once we achieve investment committee approval and terms are officially accepted, we will begin the due diligence and execution process which will include appointment of external valuers and lawyers who will liaise with your appointed advisors.
Key risks
For further information on the risks and risk profiles of our funds, please refer to the relevant KIID and Prospectus.
Investment risk and currency risk
The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.
Real estate / infrastructure risks
Investments can be made in real estate, infrastructure and illiquid assets. Investors may not be able to switch or cash in an investment when they want because real estate may not always be readily saleable. If this is the case, we may defer a request to switch or cash in shares or units. Investors should also bear in mind that the valuation of real estate is generally a matter of valuersʼ opinion rather than fact.
Real estate debt insights
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Aviva Investors recognised at Real Estate Capital Awards
1 Mar 2024
(London) – Aviva Investors, the global asset management business of Aviva plc, has been recognised at the annual Real Estate Capital Awards*, placing first in the ‘Sustainable Financing Deal of the Year – Europe’ category.
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Aviva Investors provides £200 million financing to Shaftesbury Capital
24 Aug 2023
(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has completed a £200 million debt facility with Shaftesbury Capital, the leading central London mixed-use real estate investment trust (REIT).
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Aviva Investors provides additional £57 million in sustainable loans to Urban Logistics REIT plc
2 Aug 2023
(London) – Aviva Investors, the global asset management business of Aviva plc, announces it has provided an additional £57 million in sustainable transition financing to Urban Logistics REIT plc.
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Aviva Investors provides £105 million in refinancing for portfolio of regional logistics assets
21 Sep 2022
(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has provided £105 million of refinancing to South African specialist industrial REIT Equites Property Fund (‘Equites’), secured against a portfolio of five regional distribution assets across the UK.
