Vantage Data Centers has secured a $64 million loan for its Taiwanese data center build-out.

Announced this week, the company received the funds from Taiwanese banks and will be used to complete the company’s first facility in Taipei, TPE11.

Vantage secured the loan from CTBC Bank and Cathay United Bank. The deal marks the first hyperscale data center financing transaction for a data center operator in Taiwan.

“Vantage is proud to lead the way in marking the first financing of a greenfield data center project in Taiwan,” said Joel Cheah, Vantage’s CFO in Asia-Pacific. “We appreciate CTBC Bank’s continued confidence in Vantage’s data center platform and are pleased to have the Cathay United Bank team join us in this innovative financial milestone in the next phase of Taiwan’s growth as a regional data center market.”

First announced in late 2023 and currently under development, TPE11 is expected to open mid-2024 and will deliver 16MW of IT capacity across a 215,000 square-foot (20,000 square meter) facility.

This is the company’s third transaction with CTBC globally (and first in Taiwan) and its first with Cathay United.

The site will feature two meet-me rooms and use a closed-loop chilled water system generated through air-cooled chillers.

Vantage's APAC data center footprint includes facilities in operation and development in Australia, Malaysia, Japan, and Hong Kong.