All Banks & lending articles – Page 11
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OnlineLloyds Bank prepares to reduce office footprint
Lloyds Banking Group is exploring options to shrink its UK office footprint in anticipation of more staff working from home after the Covid-19 lockdown.
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LGIM provides £100m long-term loan to affordable housing group
Legal General Investment Management Real Assets (L G) has provided £100m in deferred long-term financing to Bromford Housing Group, the largest provider of affordable homes across Central and South West England.
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Bank lending to construction SMEs drops 26%
Bank lending to small medium enterprises (SMEs) in construction dropped 26% year on year for the month of April, according to accountancy group UHY Hacker Young.
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Lloyds launches new web tool for its green lending initiative
Lloyds Bank is to launch software at the start of July to help SMEs and private investors access itsgreen lending initiative.
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Picton agrees £50m credit facility
Picton has agreed a new £50m revolving credit facility (RCF) to replace two existing facilities that were due to expire this month.
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Pluto Finance announces new funding scheme for PRS landlords
Specialist lender Pluto Finance has launched a new lending product for professional landlords in the UK’s private rental sector.
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Paragon lends almost £12m to EquaGroup for West London resi scheme
Residential developer EquaGroup has secured am £11.8m loan from Paragon Bank to assist with the acquisition of a site known as Ironbridge House in Hanwell and its subsequent conversion into 57 residential apartments.
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Paragon agrees £18m loan to Halsbury Homes
Paragon Bank is providing an £18m funding package to Halsbury Homes to fund 81 detached houses at St George’s Park in London.
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CBRE boosts debt team with two appointments from JLL
CBRE has appointed Chris Gow as an executive director in its debt and structured finance team.
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FirethornTrust agrees £22m loan to fund Northampton logistics scheme
FirethornTrust has agreed a £22m debt facility with Federated Hermes to finance the construction of a 325,000 sq ft logistics scheme at Milton Ham, near Northampton.
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Asset managers raised more than €200bn in 2019 to invest in property
Asset managers raised more than €200bn (£175bn) in 2019 to invest in real estate – up 24% on the amount raised in 2018.
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Mall owner decides not to cure default
A shopping centre loan that defaulted for the second time in a year at the end of last month is set to move into special servicing after the owner decided not to cure the default.
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Custodian REIT seeks debt covenant waivers
Custodian REIT is in talks with lenders to agree debt covenant waivers but insists it remains in “good financial health”.
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Which lenders are still open for new business?
The outbreak of Covid-19 has seen the real estate investment market slow faster than anyone could have imagined only a couple of months ago, and availability of debt is one of the key factors behind the slowdown.
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Coronavirus catches lenders unawares
A survey of real estate lenders conducted at the end of January showed that very few foresaw the potential impact of the coronavirus outbreak.
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Non-bank lenders scramble to renegotiate loan terms
Alternative lenders are being flexible on terms to help landlords that are struggling due to coronavirus
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Feeney leaves Lloyds for Mizuho Bank
Mizuho Bank has hired Lloyds Bank’s former head of real estate John Feeney as managing director, head of European corporate finance department.
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Mall loan defaults for second time in a year
Default was triggered following revaluation of trio of UK shopping centres
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Mount Street and Paul Hastings create new team to deal with LIBOR loans
Debt manager Mount Street and law firm Paul Hastings have joined forces to create a team that will help firms to replace LIBOR in their existing real estate loan documentation.
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Regulator needs to step in to help insurers be flexible with real estate borrowers
Insurers have called for intervention from the regulator to enable them to be flexible with struggling real estate borrowers.
