MetLife provides $206m in financing to Greystar
MetLife has provided an affiliate of U.S.-based Greystar Real Estate Partners with a senior debt acquisition financing package worth £122.8 million ($206 million). Laxfield Capital, a specialist commercial mortgage investment manager in the United Kingdom, arranged the real estate financing loan.
“This deal is a first in the United Kingdom for MetLife and Greystar, who have been working together for many years in the U.S. real estate market,” said Paul Wilson managing director of real estate for MetLife in the United Kingdom, in a statement.
The loan is secured against three student-housing assets in London. The student housing portfolio, which totals more than 1,100 beds, includes a 230-bed complex on Great Suffolk Street in Southwark, a 57