Commercial Real Estate Debt Fund II has provided £31.5m refinancing facility. : Octopus Property’s second commercial property debt fund has backed a £210m (€242.3m) London home development scheme with a £31.5m refinancing facility. Commercial Real Estate Debt Fund II has provided an unnamed London property developer with the loan to refinance the South West London development. The enhanced development of the 4-acre freehold former industrial site will maintain the currently consented 300 residential units, of which 90 will be affordable, whilst providing around 35,000sqft of additional space.