Transaction announcement
Amend & Extend
Capital 27 has advised a family office based in Eastern Europe on the amendment and extension of a senior-secured bank facility of c. EUR 11m on a commercial property in Munich. The amended financing was agreed with the existing lender, a German commercial real estate bank, and closed in September 2026.
The asset, a vacant commercial building in an established location in the north-west of Munich, is being repositioned by the owner into a showroom-led retail and office scheme. The amended financing aligns the facility with the revised business plan and provides the owner with the time and flexibility required to complete the repositioning.
Capital 27 acted as exclusive debt advisor to the family office throughout the process, from the analysis of the existing loan documentation and the development of the amendment proposal to the negotiation of the revised terms with the lender through to closing.
The transaction shows that constructive amend-and-extend solutions with incumbent lenders remain a viable alternative to a full refinancing for transitional assets – provided the business plan is credibly positioned and the owner’s equity commitment is visible.
