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Aggregate Financial Services advised successfully on the financing of a hotel development in Hamburg with an initial amount of EUR 10m

Aggregate Financial Services advised on the structuring, raising and the successful closing of a financing for the development and construction of a business hotel in Hamburg. The loan amount of EUR 40m is divided in a development and a construction tranche of EUR 10m and EUR 30m, respectively. The construction tranche is available once the building permit for the hotel is in place.

The borrower was able to negotiate a 20+5 years lease contract with Leonardo Hotels for a 4-star hotel with more than 200 rooms. The hotel is supposed to be built by Züblin as general contractor and to be completed until the end of 2022.


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