Tribeca Holdings has completed a £30.6m short term-loan secured against a six-asset portfolio of retail and residential assets in London from Hilco Real Estate Finance (HREF).
The 24-month facility, which will be used to refinance an existing loan, has been secured against a mixed-use retail and residential building on Bond Street, three properties in Westbourne Grove incorporating retail, residential and hospitality uses, a residential asset on Lancaster Gate and a landmark pub in Spitalfields (pictured).
The portfolio is currently let to a range of different occupiers including Orlebar Brown, Bonpoint, Wild Tavern and The London Beer Factory.
Eamonn O Rourke, head of origination (Ireland) at HREF, said: “We’re proud to have been able to quickly execute a big-ticket loan against a diverse portfolio of assets in the current economic climate. The combination of prime London assets owned by an experienced Irish UHNW investor made this a compelling deal for us and is testament to the cross-border collaboration between HREF’s Dublin and London offices – originated on one side of the Irish Sea and executed on the other.”
