CAERUS gains additional mandates for real estate debt investments: now totalling over 800 million Euro
09. July 2015
Dusseldorf, 9 July 2015 - CAERUS Debt Investments AG (CAERUS) has received new advisory in-structions for the issue of real estate financing worth almost 400 million Euro. The credit funds advised by CAERUS have therefore entrusted more than 800 million Euro for investments in loans secured on real estate.
For instance, Volkswohl Bund Insurance has increased its mandate to CAERUS by 300 million Euro, to a new total of 500 million Euro. CAERUS advises the company on investments in senior loans se-cured on real estate with higher loan-to-value ratios, so-called whole loan financing.
The credit fund advised by CAERUS, the CAERUS Real Estate Debt Lux. S. C. A., SICAV-SIF-Fund I (“CAERUS Real Estate Debt Fund I”) has received a further 50 million Euro equity facility from another German insurance group.
The credit fund, which is set up under Luxembourg law, has a target volume of 300 million Euro. It concentrates on real estate financing and bridging loans with LTV (loan-to-value ratios) of up to
85 %. The primary focus is on Germany, Austria and Switzerland, although financing in the Benelux coun-tries is also considered. Subscriptions to the fund are subject to a minimum investment of 10 million Euro. The target distribution yield is 6 to 7 % p. a.