Hong Kong Real Estate Firm Parkview Group Seeks Private Loan
- Firm is seeking a facility of at least HK$2.8 billion
- Proceeds to refinance loan from lender unwilling to roll over
Hong Kong Parkview.
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The Parkview Group, a real estate developer in Hong Kong, is seeking private credit funding of at least HK$2.8 billion ($360 million) to refinance a bank loan, according to people familiar with the matter.
The firm is offering two towers and a car park in Hong Kong Parkview, an apartment complex in a southern section of Hong Kong Island, and other assets as collateral, said the people, who asked not to be identified as the matter is private. The loan could carry a tenor of between two to three years, the people said. Discussions are ongoing and details could change, they added.