Mesirow Closes £430 Million CTL, 3 Portfolio Lease-Backed Financing for Care Homes in the United Kingdom
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Mesirow recently provided a £430 million lease-backed financing package across 3 portfolios of Care Homes to a privately owned commercial real estate sponsor in the United Kingdom. The client was seeking acquisition financing for a total of 36 Care Homes split between 3 portfolios, implementing a unique structure whereby a long-term lease is structured with backing from His Majesty’s Government of Gibraltar to provide credit support for the financing. The thirty-five-year, fully amortizing, single tranche loans received an A- rating from S&P and were placed with both UK and US based investors.
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Andrew Minkus
Senior Managing Director, Co‑Head
CTL and Structured Debt Products
Nathaniel Sager
President & Head of Strategy
Capital Markets
Senior Managing Director, Co-Head
CTL and Structured Debt Products
This transaction highlights Mesirow’s ability to craft bespoke solutions to structure credit support in unique financing situations, delivering optimal terms to borrowers as well as high quality credit instruments to investors.