ESR Europe, the European platform of ESR Group, has closed an €18.1 million ($19.8 million) loan to finance BF Group’s acquisition of a 19th-century residential palace on Lisbon’s prestigious Avenida Liberdade. This financing package also includes the refinancing of two adjacent properties already owned by BF Group: a fully leased office building and a residential block.
This marks the 15th investment for ESR’s flagship European real estate debt fund, ESR Real Estate Debt Fund II, formerly known as Venn Commercial Real Estate Fund II, which launched in 2020. The fund continues to effectively recycle capital from the successful repayment of previous loans, reinforcing its commitment to high-quality investment opportunities.
“The prime location coupled with the unique collection of properties backing the fund’s loan exemplifies the kind of opportunities we seek for our investors. We are pleased to support BF Group in this acquisition and further strengthen ou
