All Banks & lending articles
-
InsightThe rise of the bridging loan
As traditional lenders tighten their criteria during the pandemic, investors have increasingly turned to bridging finance. Property Week looks at the pros and cons of this alternative borrowing option.
-
Insight
It’s make or break time for property debt
Covid-19 poses the biggest threat to debt markets since the 2008 crash. Property Week ask whether new lenders and private equity firms will plug the gap made by the major banks and seize emerging opportunities.
-
Online
Investec agrees £36m loan on Comer Homes’ Woolwich scheme
Investec’s Structured Property Finance team has agreed to provide Comer Homes with a £36m, five-year senior debt facility to fund the development of the final phase of Mast Quay in Woolwich, London.
-
Online
CRE lending sees steep decline, according to research from The Business School
Commercial real estate lending saw a steep decline in the first half of 2020.
-
Online
Puma Property Finance strengthens nationwide presence with manager relocation
Specialist development lender Puma Property Finance has strengthened its nationwide presence with the relocation of Paul Murphy to Manchester.
-
Insight
Alternative lenders seize the day
Since the Covid-19 crisis hit, the case for alternative finance has become increasingly compelling.
-
News
Experts slam plans for 95% LTV mortgages
Government’s proposal to help first-time buyers met with widespread criticism
-
Online
Investec backs Fairway Capital’s London resi strategy
Investec Structured Property Finance had agreed a £34.5m loan to Fairway Capital for the acquisition and redevelopment of nine luxury homes in Prime Central London.
-
News
Banks agree refinancing deal with London Kensington Hotel
Clydesdale Bank, owned by Virgin Money, and Leumi UK, the London-based subsidiary of Israel’s leading international bank, have completed a refinancing deal at 100 Queen’s Gate Hotel London, Curio Collection by Hilton in South Kensington.
-
Online
OakNorth backs Arora with £50m loan
OakNorth Bank has completed a £50m loan to the Arora Group, the private group of property and hospitality companies founded by Surinder Arora.
-
News
Co-op Bank to shut one in four branches
The Co-Operative Bank will be closing a quarter of its branches by December as it struggles with the bleak economic outlook from the pandemic.
-
Online
OakNorth completes £20m loan to Ultimate Finance Group
OakNorth Bank has completed a £20m loan-on-loan facility to specialist asset-based lender Ultimate Finance Group.
-
Online
Rabobank puts HQ move on hold and extends lease
Rabobank has shelved plans for its 90,000 sq ft HQ at HB Reavis’s Bloom scheme and is arranging a short-term extension to the lease at its current site.
-
Online
Urban Exposure appoints non-executive director as firm plans to wind down
Urban Exposure has appointed Graham Warner as an independent non-executive director with immediate effect.
-
Online
Grainger issues £350m bond as it continues to realign debt profile
Grainger, the UK’s largest listed residential landlord, has issued a £350m bond as part of its strategy to extend it debt profile.
-
Online
Shiva Hotels secures £230m loan for Marylebone hotel
Shiva Hotels Group has secured a £230m development financing package from Cale Street Investments to fund its 199 room luxury hotel in Marylebone, London.
-
Online
Intu set to collapse into administration
Shopping centre giant intu is set to call in administrators following a collapse in talks with creditors to rescue the company.
-
Online
Intu confirms Friday deadline on rescue talks
Intu has confirmed is has until Friday to save the UK’s largest shopping centre operator from a collapse into administration, as revealed by Property Week yesterday.
-
Online
OakNorth Bank partners with Opes Financial Partners on £32.7m loan
OakNorth Bank has completed a loan of £32.7m with Opes Financial Partners to a property investor for the acquisition of four properties in London.
-
Online
Nationwide trebles level of minimum deposit it requires from first time buyers
Nationwide has trebled the level of minimum deposit it requires from first time buyers, citing “these unprecedented times and an uncertain mortgage market”.
