Banks & lending
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OnlineTrio of Oaktree shopping centres breach debt covenants
Oaktree Capital has breached debt covenants on a trio of retail assets according to a notice from debt servicer CBRE.
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Online
Morgan Stanley launches £236.4m UK CMBS
Morgan Stanley has launched a £236.4m CMBS securitising a loan to Blackstone and M7 Real Estate, secured against 112 UK industrial assets.
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Online
Principality launches £50m fund for SME developers in Wales
Principality Building Society has launched a £50m fund to help smaller housing developers build new homes in Wales.
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Online
Oaknorth backs new residential development lender
OakNorth has provided a £30m loan-on-loan facility to Hilltop Credit Partners, a specialist funding partner for small and mid-sized residential property developers and housebuilders.
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Online
Octopus agrees loan for retail to resi conversion
Specialist property lender Octopus Property has agreed a £10m, 12-month loan, to support Strawberry Star’s acquisition of 110,000 sq ft of retail space in Harlow, Essex,
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Online
Get Living secures £112m debt funding deal
Get Living has secured a £112m financing deal from RBC Real Estate Capital Partners, part of RBC Capital Markets, for its Middlewood Locks scheme in Manchester.
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Online
Nuveen provides £55.5m loan for Midtown deal
Turkish investor Esas Holdings has secured a £55.6m loan facility from Nuveen Real Estate to help fund its acquisition of 15 Fetter Lane in London’s Midtown.
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Online
Cynergy Bank launches £500m fund for property entrepreneurs
Specialist lender Cynergy Bank is launching a £500m fund to help property entrepreneurs “make the most of opportunities during Britain’s departure from the EU”.
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Online
LaSalle launches €600m whole loan fund
LaSalle Investment Management has launched a €600m whole loan fund focused on Western Europe.
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News
Investec backs students digs with £53.5m loan
Investec Structured Property Finance has provided a joint venture between Scape UK and HG Construction with a £53.5m loan to fund the development of a 403-bed student block and 113 Co-Living units in Guildford.
