MetLife Finances London Student Housing Acquisition for US Buyer Greystar

by Shelton on May 29th, 2014

filed under Finances

New York-based life insurance lender MetLife provided a £122.8 million ($206 million) senior debt financing package to an affiliate of Greystar Real Estate Partners to acquire a portfolio of student housing properties in London, Mortgage Observer has first learned.

Laxfield Capital, a commercial mortgage investment manager in the UK, arranged the long-term financing from MetLife on behalf of the Charleston, SC-based apartment and student-housing operator. MetLife declined to provide the term and rate of the debt.

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