LONDON, October 2, 2018 /PRNewswire/ --
Starz Real Estate, a commercial real estate lending platform, closed its first loan, providing global co-living pioneer Node with a €12,375,000 senior facility on Ireland's first co-living residence in Fitzwilliam Square, Dublin, Ireland.
Node Dublin is a prime, boutique, "curated living" residence comprising two and three bedroom furnished apartments with communal areas. Rent, WiFi and utilities are bundled into a fixed monthly fee and services include roommate matching, curated events and access to other Node residences worldwide.
Since opening in April, the scheme was oversubscribed with demand and is fully let. It has attracted residents from Ireland and around the world working in the tech, entrepreneurial and creative sectors.
Node is a global, design-led, residential apartment brand catering to globally mobile urban professionals looking for a convenient offering and diverse community of creative residents. Residences are located across North America and Europe, with further expansion planned globally. It was founded in 2016 by Anil Khera who previously created and led Blackstone's European Real Estate Capital Markets group in London.
Limor Shilo, Head of Loan Origination at Starz said: "This is an ultra prime property located in a highly sought after residential area, where we anticipate continued strong demand. We are delighted to working alongside an innovative sponsor with a commendable track record and supporting Node going forward."
Anil Khera, Founder & CEO of Node commented: "It's been great working with Starz, who understand the evolving marketplace for addressing the urban housing crisis and who have the sophistication and expertise to structure and quickly execute transactions for sponsors looking to disrupt the status quo."
Node is a global co-living investment, development and management company that creates urban rental apartment communities in creative capital cities across the world. Our mission is to create a global network of design-led, community focused, curated residences where our residents connect and collaborate locally and globally. Residences are located in cities throughout the US, Canada, UK and Europe.
Launched in July 2018, Starz is a commercial real estate lender focused on middle-market loans throughout Europe. With a balance sheet built for the long haul, Starz is a flexible and reliable source of capital for real estate investors. Starz provides collaborative lending solutions coupled with streamlined underwriting processes ensuring seamless service.
To learn more, please visit: https://starzrealestate.com/