Berlin Hyp is providing a loan of €84.4 million to Huurwoningen Nederland Fonds, a residential fund managed by Dutch fund manager Credit Linked Beheer.
The loan will finance a residential portfolio consisting of ten assets spread across various locations in the Netherlands, including Rotterdam, Baarn, Wijchen, Lelystad, Dongen, Almere, Capelle aan den IJssel (pictured above), Nijmegen, Zutphen and Harderwijk.
The loan has a long term and the agreed interest is approximately 1.5%. The portfolio comprises about 490 residential units with a total rental area of 30,700 sq m and around 400 parking spaces.
The developments have been designed to meet the latest energy standards and received the Dutch Class-A energy label, which means that they could qualify for Green Pfandbriefe.
The Bond Advocaten law firm advised Huurwoningen Nederland Fonds on the transaction, while Berlin Hyp was advised by Loyens & Loeff