Aeon extends £450m funding agreement to LND Capital




Aeon Investments has extended its £450m funding agreement to LND Capital for a further three years for the origination of commercial real estate loans in the UK.

An unnamed UK banking group has also participated in the funding.

The agreement is aimed to provide small and midcap commercial real estate borrowers with tailored and reliable funding solutions of between £2m and £30m, across all major sectors.

Oumar Diallo, CEO at Aeon Investments said: "This agreement further demonstrates our belief in the commercial real estate sector, despite prevailing headwinds due to rising rates, surging inflation, and uncertain outlook.


“We firmly believe that rigorous asset selection and loans with prudent LTVs and conservative debt coverage ratios will ensure CRE debt remains an asset class with sound risk/reward ratios.

"The extension of our agreement with LND is an exciting development for our CRE Investment Programme — there is a growing appetite from institutional investors to increase their exposure to this market."

Nicolas Vocos, CEO at LND Capital (pictured above), added: "We are excited to continue our partnership with Aeon, and to welcome a major British banking group to our commercial real estate lending platform.

“We are pleased to secure this funding line, which demonstrates our commitment to providing much-needed finance to the underserved mid-market in the UK commercial real estate sector."

 

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