Walker & Dunlop IncWalker & Dunlop arranged a $191 million refinancing, generating fee income and demonstrating deal execution capability.
Walker & Dunlop has arranged a $191 million refinancing for Project Dutch Lion, a portfolio of 19 office assets across eight municipalities in the Netherlands. The financing was secured on behalf of Time Equities from Aviva Investors, closing at 55% loan-to-value and consisting of a $134.5 million refinancing and a $57 million accordion facility for future acquisitions. The portfolio spans approximately 1.5 million square feet with around 90% occupancy and over 65 tenants, and all assets hold Dutch energy ratings of A or higher. The transaction replaces existing debt and provides additional flexibility for Time Equities' long-term strategy, with Aviva selected for its competitive terms and certainty of execution.
Walker & Dunlop IncWalker & Dunlop arranged a $191 million refinancing, generating fee income and demonstrating deal execution capability.
Aviva PLCAviva Investors provided the financing, earning interest income and deploying capital in a secured loan.
Time Equities secured refinancing with improved terms and additional acquisition capacity, strengthening its financial position.