QSix Real Estate Finance (REF) wrote its first loan in the Netherlands, a €25 million acquisition loan to finance four hotel and hospitality properties, each located at a variety of strategic motorway points across The Netherlands. The borrower has been the tenant of these properties for the past five years via their ownership interest in Gr8 Investments. The debt is believed to reflect around 50% loan to value (LTV), CoStar News understands.