Real estate focused private equity firm Gaw Capital Partners is racing to refinance or extend $370 million in loans tied to properties in Shanghai as maturities loom next month.
The Hong Kong asset manager is in talks with existing lenders to extend an around $260 million-equivalent syndicated loan due on Nov. 12 that was used to back the acquisition of a Shanghai office building in 2018, according to people familiar with the matter. Banks involved in the talks include HSBC Holdings Plc and Hang Seng Bank Ltd.
Gaw Capital Holds Talks on Loan Options as Maturities Loom
