Post by FinLoop.com

€22.4M Senior Living Development Financing in Vienna. Matched through FinLoop In senior living finance, the building is only half the story. The other half is the operator. For this planned scheme in Vienna’s 19th district, lender appetite turned heavily on the operating counterparty, track record, payment history, occupancy performance and prior schemes delivered. Many lenders will not underwrite that risk at all. The ones that will need comfort on the operator before they get comfortable with the bricks. The match came from a lender that had already reviewed this operator across two earlier schemes. That existing knowledge shortened the underwriting process and gave the lender comfort on the business plan. Through FinLoop, the borrower secured a €22.4M senior development facility, closing in under 2 months. 𝐓𝐡𝐞 𝐃𝐞𝐚𝐥 𝐚𝐭 𝐚 𝐆𝐥𝐚𝐧𝐜𝐞: 🔑 Asset: Planned 110-unit senior living development in Vienna’s 19th district. 🤝 Operator: Established Austrian operator under a long-term lease structure with built-in indexation. 🏦 Facility: €22.4M senior development financing. 📊 Indicative Terms: ~65% LTC / ~60% LTGDV, 36-month construction period plus stabilisation, milestone-based drawdowns, capitalised interest reserve, margin in the low-300s during construction with a step-down post-stabilisation. ⏱️ Timeline: Closed in under 2 months. 🧠 Takeaway: In operator-led asset classes, senior living, PBSA and co-living, lender selection turns less on the property and more on the operator counterparty. Europe’s senior living segment is graduating from alternative to mainstream institutional target, but debt underwriting remains concentrated among a small group of specialists. Knowing which lender has already done part of the homework is what compresses the timeline. 📅 Financing an operator-led scheme? DM us, FinLoop can point you to lenders with relevant appetite and prior exposure. Jordi TorraDr Nicole Lux #FinLoop #DealClosed #RealEstateFinance #SeniorLiving #Vienna #Austria #DevelopmentFinancing #OperationalRealEstate #PropTech