Japan property firms get 50-year long-term loans

Tokyo

LOADSTAR Capital KK, a Tokyo-based real estate investment firm, asked for a long-term loan to buy an office building. It was not expecting to get money for 50 years.

"We had thought a 30-year loan would be about the limit, but negative rates have changed things for banks," said Tatsushi Iwano, the president of Loadstar and a former fund manager at Goldman Sachs Group Inc. "At a time when a lot of banks are having trouble finding borrowers, the real estate sector is attractive because there's collateral and financial firms are getting aggressive."

Mr Iwano said that…