Golfrate, the London-based property management company, has acquired an 11-strong package of pubs, the majority of which are owned by Punch Taverns, in a deal funded by a new £20m loan.

The company, which owns c180 freehold and long leasehold pubs across the capital, secured the two-year loan from Aeriance Investments to buy nine pubs from Punch and a further two from private investors.

Golfrate said that the pub portfolio offers “value-add, redevelopment opportunities”.

The loan from Aeriance Investments was secured against an existing 20-asset mixed-used portfolio based around greater London.

It is thought that the deal reflects a yield of 3.5%.

Harin Thaker, chief executive of Aeriance Investments, said: “Golfrate has built a strong reputation in the successful acquisition, re-positioning and management of single assets and portfolios in London.”

Thaker said Aeriance continued to look for opportunities to lend on UK and European real estate for commercial whole loan and mezzanine finance across the majority of asset classes including hotels and student accommodation.

Golfrate is currently seeking operators for five pub sites located in south and north London.

The sites, which are available on new leases of 15-25 years and a nil premium basis, are the 4,159sq ft Lost Society, 697 Wandsworth Road, Clapham SW8; the 2,300sq ft Peacock Bar, 148 Falcon Road, Battersea; the 2,788sq ft Surprise Public House, 110 Vauxhall Bridge Road, Victoria SW1; the 3,000sq ft Filthy McNasties, 68 Amwell Street, Islington, EC1; and the 4,400sq ft The Bailey, 81 Holloway Road, N7.

Restaurant Property has been appointed to advise on of the portfolio.