Brixton Market secures new funding

Anna Ward | | Print

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BBS Capital has arranged a facility with Starz Real Estate to refinance the shareholder loans used to acquire Brixton Market. The funding is for a joint venture between Angelo Gordon and Hondo Enterprises, which purchased the 60,363 sq ft London market earlier this year. Starz Real Estate is a newly launched debt fund, and this transaction represents its second investment. Starz provided a five-year term facility representing an LTV of 68%. Hondo Enterprises will continue to lead on the purchase, management and decision-making within Brixton Market. Adam Buchler, of BBS Capital, said: “The unique potential of this asset and the