Delancey’s real estate private credit strategy
Launched in 2021, DCIF1 facilitates flexible whole and mezzanine loans targeting strong income yields from attractive attachment points in the capital structure.
DCIF benefits from a detailed equity underwrite for all assets it lends against applying a real estate lens to a debt situation With a focus on quality, the underlying real estate comprises single assets, largely located in Central London, across multiple sectors. DCIF lends to strong sponsors with established track records of performance, and focuses on lending in sectors and supporting borrowers that have opportunities to make a positive environmental & social impact.
Recent transactions include:
- In partnership with a German bank, completed on a £235m facility (providing £32m) to refinance 280 Bishopsgate, a c.275,000 sf, Grade A, BREEAM Outstanding, fully-let office building in the City of London.
- A c.£15.7m acquisition facility to support ZCS with the acquisition of 2 Hosier Lane, a freehold, fully-let office building in Farringdon.
- In partnership with a Dutch bank, completed on a £135m refinance facility (providing £38m) secured against the Notting Hill Gate Estate, a rare, near full-let, c.185,000 sf freehold estate in London.
- A £47m facility (providing £17m) to refinance a Grade A, BREEAM Excellent office asset in Stratford, London.
- An £18m loan secured by the freehold interest in an 8,000 sq ft unit occupied by British-based luxury fashion label Joseph and three residential flats in Brompton Cross, London. The loan was repaid in full in March 2024.