Mitsui Fudosan Accommodations Fund to Borrow 5 Billion Yen
Mitsui Fudosan Accommodations Fund (TYO:3226) will borrow a total of 5 billion yen through refinancing, including a green loan, to repay existing debt and support sustainability-linked financing, according to a Monday filing on the Tokyo Stock Exchange.The REIT will secure a 2 billion yen loan from Bank of Fukuoka maturing in April 2032 and a 3 billion yen green loan from MUFG Bank maturing in March 2036. Both loans will be unsecured and repaid in lump sums at maturity.The proceeds will be used to refinance existing borrowings, including a 2 billion yen loan due in April 2026 and an early repayment of a 3 billion yen loan due in March 2027. The funds relate to debt originally used to acquire Park Cube Atagoyama Tower, classified as a green asset.