The UAE-based Integrated Alternative Finance (IAF) has announced continuing the necessary arrangements for an AED 35-million loan for an investment fund operating in Europe, which seeks to acquire two pieces of land in Eastern Europe.

The facility for Injaz Eastern European Property Development Company Limited (IEEPDC) was arranged by IAF and provided by non-traditional funding sources, according to CPI Financial, noting that IEEPDC is in advanced discussions with local development partners to develop the properties into hospitality assets.

Commenting on the loan, IAF Director Fawad Tariq Khan said, “The unique funding arrangement is testament to IAF's ability to structure complex liquidity solutions for clients across multiple jurisdictions. Our ability to arrange debt solutions through our proprietary network provides a platform for clients seeking senior bank debt, mezzanine and a combination of hybrid instruments.”

It is worth noting that IAF is a wholly owned subsidiary of Abu Dhabi Financial Group (ADFG) and provides alternative financing and structuring solutions to asset owners and developers for acquisition, restructuring, refinancing or development projects, mainly within the UAE and London markets.