UAE’s IAF expects to arrange Dh3bn loans by end-2014

UAE-based Integrated Alternative Finance (IAF), a subsidiary of Abu Dhabi Financial Group (ADFG), on Sunday said it had arranged Dh1 billion financing so far in 2014 and expects to complete Dh3bn worth of transactions by the end of this year.

It also arranged a Dh786 million bridging facility for the acquisition of 1 Palace Street, London, earlier this year

The firm said it had arranged a Dh35 million loan facility for a European-focused investment fund for the acquisition of two plots of land in Eastern Europe.

The facility for Injaz Eastern European Property Development Company Limited (IEEPDC) was arranged by IAF and provided by non-traditional funding sources.

The transaction is notable for providing liquidity to the investment fund’s legacy portfolio, assisting in acquiring control of real estate properties located in Bulgaria and Montenegro. IEEPDC is in advanced discussions with local development partners to develop the properties into hospitality assets.

“The unique funding arrangement is testament to IAF’s ability to structure complex liquidity solutions for clients across multiple jurisdictions. Our ability to arrange debt solutions through our proprietary network provides a platform for clients seeking senior bank debt, mezzanine and a combination of hybrid instruments,” said IAF Director Fawad Tariq Khan.

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