More Renowned New Clients are Using the Platform
We are very pleased to have convinced Bauwens, the E-Gruppe, and PANDION AG, three more highly renowned real estate investors, of the advantages of tendering via the digital credX platform.
In addition to the successful work with our numerous existing clients, such successes in acquiring new clients demonstrate the attractiveness and novelty of our Financing as a Service offering. Such first-class addresses, with their own network built up over many years and excellent credit standing, as well as their well-established internal processes, have no difficulty in financing themselves even under demanding market conditions. Nevertheless, they are happy to take advantage of the support they receive from the credX platform when tendering for financing.
Office building, Berlin-Mitte
The family office of the Cologne-based project developer Bauwens, one of the largest and most traditional real estate companies in Germany, has concluded a senior financing for two office buildings with commercial units in Berlin through us. The lender is a West German cooperative bank. Although Bauwens and the bank worked together for the first time, the loan was tendered and disbursed within a quarter.
THW, Herne
For the E-Gruppe, which has been developing retail and logistics space for over 40 years, we were able to find inventory financing for a commercial property in the Ruhr area within a few weeks. The property is leased long-term by the Federal Republic of Germany. The lender is a South German Volksbank from the extensive credX network.
“Domspitzen”, Cologne
For PANDION AG, one of Germany’s most important project developers for high-quality residential and office properties, we were able to arrange senior financing for a “landmark” office property directly at Cologne’s main train station within just two months. The lender was a bank specializing in large-volume real estate projects. It is particularly noteworthy that the partners were able to agree on a loan-to-value ratio of almost 78% of the total investment costs for the land acquisition and the planning phase, even in the currently demanding market environment.
