Property Week Finance - Banks and LendingNews and features about lending to the property sector.
Latest BANKS AND LENDING news
UK banks and building societies regained market share in 2016 after several years of retreat, according to the 2016 year-end De Montfort UK Commercial Property Lending Report.
Hammerson has signed a £360m unsecured revolving credit facility with a syndicate of 14 lenders, including five Asian banks that had never previously lent to the company.
Ballymore Group has agreed its first loan since exiting NAMA at the end of 2016 with Investec Structured Property Finance.
Titlestone Property Finance has made one of its biggest loans to date supporting Hodson Developments with a £36m revolving facility for a major scheme in Kent.
Investec Structured Property Finance has agreed to provide a £47.6m development loan to Curlew Student Trust for a 527-bed scheme in Walthamstow that will roll into an investment loan.
PGIM Real Estate Finance (RFP) has agreed a £50.1m loan to an investor who acquired Fox Court, a 103,555 sq ft office property in London’s midtown district.
Specialist bridging lender West One Loans has cut rates for unregulated residential loans by up to 0.4% a month.
Safestay has agreed an £18.4m refinancing with HSBC and completed a sale-and-leaseback deal on its hostels in Edinburgh and Elephant & Castle, raising gross cash proceeds of £12.6m.
Primary Health Properties (PHP) has revealed it added £13.5m of acquisitions to its portfolio in its latest trading update.
PGIM Real Estate has raised by far its biggest real estate debt fund to date, securing commitments totalling over £1bn for PRECap VI.
Mergers and Acquisitions
Market Tech - the company that owns a large slice of London’s Camden Town - is set to be taken private by majority owner Teddy Sagi’s LabTech little more than two years after its flotation.