All Banks & lending articles – Page 10
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LEXI arranges £11m for London resi developer
Real estate capital advisory LEXI Finance has structured an £11m blended loan on behalf of a private London-based housebuilder to support its development of 29 new-build apartments in Wandsworth, south London.
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Modular housing group secures £60m to expand sustainable homes roll out
Modular housing group ilke Homes has raised £60m to scale up its operations and deliver more than 10,000 homes over the next five years.
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Investec provides its first modular loan for Guildford PBSA scheme
Investec Real Estate has provided its first modular development loan, of £10.8m, to Stelling Properties Group to fund the development of Riverside House, a student scheme in Guildford.
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Insight
The debt market outlook is brightening
Confidence is returning for lenders and real estate market participants with the emergence of a more positive UK economic outlook. Many subsectors such as industrial and residential are in a relatively healthy position, while others, like retail and offices, face challenges.
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OakNorth Bank loans £10.6m to Hampshire housing developer
OakNorth Bank has provided a £10.6m loan to developer Nine Points Property to support its buy-and-build strategy, Property Week can reveal.
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OakNorth Bank provides SME loan for Brighton resi scheme
OakNorth Bank has provided a £2.7m loan to SME housebuilder Martin Homes for a residential development in Brighton.
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Arc & Co lends £12m on Isleworth residential scheme
Arc & Co has completed a £12m development loan with ME Developments and Octopus Real Estate to help fund a housing development in Isleworth, London, Property Week can reveal.
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Insight
Is it a lending race to the bottom?
In recent months, some leading real estate names, including Kennedy Wilson, Delancey, Tristan and Ares, have announced their intention to enter the European debt market, attracted by the risk-adjusted returns on offer and diversification benefits.
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Torsion secures £55m financing for apartment scheme in Leeds
Maslow Capital has agreed a financing package worth £55m for Torsion Developments and Khlabros Group’s Phoenix apartment scheme in Leeds.
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News
What next as UK banks stop banking on the high street?
Leading high street banks have identified more than 200 ‘last-in-town’ branches they intend to close
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Treasury chair flags fears over ‘last in town’ bank closures
The chair of an influential parliamentary committee has raised concerns about the potential closures of ‘last in town’ bank branches, as banking giants review their property portfolios across the UK.
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Audley receives £40m Homes England loan
Audley Group has received a £40m loan from Homes England that it says will accelerate the construction of a retirement scheme and help with a recently announced joint venture.
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Lloyds eyes up 50,000 homes in the next decade
Banking giant Lloyds is gearing up to become one of the UK’s largest landlords and aims to buy 50,000 homes in the next decade.
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BNP Paribas and DekaBank loan £120m for Paddington’s The Point
BNP Paribas and DekaBank have provided a new, five-year £120m loan secured on The Point, Paddington, a 233,539 sq ft HQ multi-let office building in central London that was purchased by Tishman Speyer in 2014.
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Gresham House loaned £30m to grow BTR pipeline
Gresham House has agreed a long-term debt facility of up to £30m to support further investment in affordable mid-market build-to-rent housing through its British Strategic Investment Fund (BSIF) strategy.
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UTB lends £22m to Kent housing developer
United Trust Bank (UTB) has funded the first phase of a new development in Chestfield, developed by Kent housebuilding group Kitewood.
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Alantra advises Oakland Care on new financing package
Alantra, the independent global mid-market investment banking firm, has advised Synova and Oakland Care on a new five-year financing package.
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Octopus finances studio purchase
Real estate lender and investor Octopus Real Estate has completed a £30m loan to Ridgeway Property Holdings to aid the acquisition of a 182,764 sq ft office and warehouse space to be used as film and TV studios in Mill Hill, north London.
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News
Allica Bank unveils SME loans offer
Allica Bank is set to lend £50m at an interest rate of 3.5% in an eight-week promotion aimed at small and medium-sized firms seeking owner-occupied commercial mortgages.
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L&G secures £265m facility to refinance existing lending
Legal General Investment Management (LGIM) Real Assets’ build to rent (BTR) fund, has secured a £265m debt facility from a consortium of lenders.