Leumi heads up £42.9m loan facility to Martley Capital Group

Leumi UK has provided a £42.9m loan-on-loan facility to Martley Capital Group to refinance its existing loan book secured against 20 underlying assets across all sub-sectors. Martley is acting as sponsor in this transaction, for the underlying loan portfolio that was originated by its UK debt vehicle, Tunstall Real Estate Credit II Lendco S.à r.l., the borrower. The portfolio has assets across office, retail ware.house, retail, industrial and open shopping centre with supermarket anchor  The new facility was originated and co-ordinated by Leumi UK, with Cynergy Bank co-lending on the deal, which has refinanced the borrower’s existing loan-on-loan facility.   Dan Boakes, managing director of debt capital markets at Martley Capital Group, said: “In our second transaction with Leumi UK, its support has once again been invaluable, demonstrating deep expertise in both complex financial structures and the commercial real estate market. This combination was crucial in understanding the unique requirements of this deal. With our refinancing secured, this high-performing loan portfolio is now well-positioned and provides longer-term stability for our debt fund.” Oliver Stenning (pictured), relationship director at Leumi UK, added: “This strategic refinancing demonstrates Leumi UK’s expertise in underwriting back leverage and loan-on-loan transactions – an area of growing importance for debt funds in today’s market. Our commitment to going the extra mile for our clients is at the heart of our approach and in this case, our persistence and close collaboration with Martley, along with the co-lending support from Cynergy, enabled us to deliver a tailored solution that met their needs and reinforced our strong partnership.”