ING puts $500 million of data center loans up for sale
In short
ING is selling $500 million of data center loans, including a $25 million loan tied to a large New Mexico data center.
The loan is linked to the Stargate AI infrastructure venture backed by OpenAI, SoftBank Group and Oracle, which may draw attention from investors in AI-related assets.
What the reporting says
ING has put $500 million of data center loans up for sale. The package includes a $25 million loan tied to a large New Mexico data center linked to the Stargate artificial intelligence infrastructure venture backed by OpenAI, SoftBank Group and Oracle. The reported sale underscores lender appetite for shifting exposure in a hot AI-linked infrastructure market.
Why it matters
ING has put $500 million of data center loans on the market, including a $25 million loan tied to a large New Mexico site associated with the Stargate artificial intelligence infrastructure venture. The move matters for lenders and investors watching AI-linked infrastructure financing, especially around projects connected to OpenAI, SoftBank Group and Oracle.