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CORESTATE Bank arranges a financing for a mixed-use project development in Frankfurt am Main with a total volume of EUR 90 million.

The financing is secured by an approx. 12,000 m² plot in the Frankfurt city area. The owner will extend the rental space and intends to obtain the legal precondition for the construction of further space. In addition to residential use, there will also be retail and office space as well as a kindergarden.

The secured financing was structured by CORESTATE Bank and can be subscribed in the form of a bearer bond or a promissory note loan. Furthermore there were two tranches offered to investors: a first-ranking secured senior tranche and a second-ranking secured junior tranche.

The CORESTATE Bank team would like to thank all parties involved for their trusting cooperation.

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