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01 April 2020

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BF.direkt structures financing for two nursing care facilities

  • Financing volume of around EUR 19 million
  • Properties located in eastern Ruhr area and Rhineland

Stuttgart, 1 April 2020 – BF.direkt AG, the specialist for property project financing, has structured the financing for the construction of two nursing care facilities. The financing vol-ume amounts to around EUR 19 million. The loan-to-cost (LTC) ratio is 73%. The properties are located in the eastern Ruhr area and the Rhineland, and are being built by a leading pro-ject developer in the field of nursing care facilities. The two properties have been leased to a renowned nursing facility operator on long-term contracts.

Francesco Fedele, CEO of BF.direkt AG, said: “I am delighted that we have been able to successfully structure the financing for these two nursing care facilities and managed to close the deal before the corona crisis. Market uncertainty has risen substantially since then. Construction is being delayed and investment decisions are being postponed. In some cases this is leading to increased demand for certain forms of financing, such as bridge financing that allows developers to withstand special situations.”

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