Banque Internationale à Luxembourg (BIL) announces the successful 30 million euro refinancing of Verifort Capital, the real estate fund and asset manager based in Tübingen, Germany. Banque Internationale à Luxembourg was mandated as Lead Arranger, acting as Original Lender with the Swiss investment boutique Vicenda Group (each financing 50% at closing). A special feature of the financing is the creation of a Sustainability Linked Loan, which is based on Verifort Capital achieving pre-defined sustainability targets.
Verifort Capital is a Germany-based real-estate asset and fund manager with more than €500m net asset value across 12 AIF regulated funds comprising 13,000 unique investors. As a modern fund and asset manager, Verifort Capital focuses on real estate-based capital investment products with which it supports its investors in shaping their personal investment goals. The focus of Verifort’s offering is its real estate funds, through which Verifort invests exclusively in German quality properties and real estate districts.
The Verifort Capital approach to value-add and turnaround property trading has been successful for almost 20 years. Responsible for this is a team of fund and asset managers with decades of experience in the banking sector, in real estate management, in sales and in fund administration.
Frank Huber, CEO of Verifort Capital, said: “We are happy having concluded this financing with BIL as Mandated lead arranger. The execution of the financing in these volatile times proofs the trustful collaboration we had with the Corporate Finance team of BIL.”
Tobias Beck and Kay Backes of BIL Corporate Finance said: “We are very proud to support our client. Together with the original lender Vicenda Group, we are happy having realised yet another tailor-made leveraged financing in the German market.”