Arbuthnot Latham has provided more than £23 million of refinancing to help the private real estate investment firm, Castleforge Partners with current and future value-add opportunities.
Since it was founded in 2010 by Brandon Hollihan and Michael Kovacs, Castleforge Partners has invested over £1 billion throughout the UK and Europe and has consistently generated returns above expectations across their portfolio.
Earlier this year, the firm raised £270 million for its third value-add real estate fund from a range of US, UK and European institutional investors.
Arbuthnot Latham was supported by Collas Crill LLP and Avison Young. Brotherton Real Estate, who have a long-term relationship with the Arbuthnot Latham team, introduced the proposal to the bank.
Brandon Hollihan of Castleforge Partners, comments: “For many, funding lines have been uncertain in 2020. The Arbuthnot Latham team has been consistent and supportive at a very difficult time. We are delighted with their approach and found the whole process professional and straightforward.”
Mark Cotter, Director, Real Estate Finance at Arbuthnot Latham comments: “It was a pleasure to work with a market leader such as Castleforge. The proposal was approved in good time and with the assistance of the professional teams of both the bank and Castleforge, we were able to complete the deal in the most trying of environments. We look forward to strengthening our relationship with Castleforge in the future with similar opportunities.”