All Banks & lending articles – Page 12
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OnlineSantander launches £2.8bn loan securitisation
Santander has announced a £2.8bn commercial real estate loan securitisation.
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GPE secures £450m credit facility
Great Portland Estates has signed a £450m unsecured revolving credit facility at a headline margin of 92.5 basis points over LIBOR.
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RBS backs £33m Leeds PBSA for London & Scottish
LSSH Symons House, a development joint venture owned by investor London Scottish Investments and a US-based family office, has received financing from the Royal Bank of Scotland to redevelop a former Leeds office building into a £33m student accommodation scheme.
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Octopus appoints industry veteran as BDM
Specialist lender Octopus Property has appointed 17-year industry veteran Paula Purdy as business development manager for the north of England
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The Collective completes MBO of £125m Old Oak
The management of The Collective Old Oak, the giant co-living scheme in west London, has acquired the remaining 75% stake of the development that it did not already own with backing from Deutsche Bank and buy-out specialist Catalina Re.
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Patron sells mortgage lending business
Patron Capital has sold its prime second-charge mortgage lending business, Optimum Credit, to mortgage lender Pepper Money for an undisclosed sum.
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Aareal Bank acquires stake in BrickVest
Real estate specialist German bank Aareal has invested in online investment platform BrickVest.
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Resolution makes commercial property debt debut
Resolution Property has broken into the commercial property debt market having raised an initial €200m for its first debt fund.
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Take-off for two new hires at Glenhawk
Developer Guy Harrington’s recently launched specialist UK property lender Glenhawk has made a double new appointment with Harleigh French joining as business development associate and Nicholas Hare as analyst.
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Full scale of lender losses from last cycle revealed
Report urges banks to learn lessons of ‘irrationally exuberant late-cycle lending’.
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Zorin backs Inspired BTR scheme with loan
Inspired Asset Management has secured a £13.4m senior loan to develop a new build-to-rent scheme in Crawley, West Sussex.
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Kexgill secures loan for Hull student scheme
OakNorth has provided a £12.7m loan package to student accommodation provider Kexgill for a development at the University of Hull.
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Regional REIT pays £50m of loan back early
Regional REIT, the UK regional office and industrial property group, has repaid £50m of its £65m ICG Longbow loan facility almost a year ahead of schedule.
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BE Offices completes £84m refinancing
BE Offices, the independent flexible workspace group, has completed a £84m refinancing package with HSBC.
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LendInvest completes £30.5m fundraising
LendInvest has raised $39.5m (£30.5m) through a debt and equity funding round ahead of its initial public offering.
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Societe Generale and DWS close £280m Kensington hotel refinancing
Societe Generale Corporate Investment Banking and DWS have closed the £280m refinancing of the Holiday Inn Kensington Forum, London.
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LTVs on London offices up as UK cost of debt rises
Loan to value ratios (LTV) of senior debt on city offices in London has risen to 60% in Q2 2018 from 55% in the same period last year, according to CBRE’s European debt map.
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Shawbrook backs specialist lender Glenhawk in £75m fundraise
Developer Guy Harrington’s specialist UK property lender, Glenhawk has secured an initial £75m funding line from Shawbrook Bank and an unnamed global asset manager.
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RBS accelerates bank closure programme
The Royal Bank of Scotland has announced plans to close a further 54 branches in England and Wales, bringing its total number of bank closures announced since last December to 475.
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Nomura and Magnetar back LendInvest
LendInvest has secured £150m of funding from Japanese bank Nomura and the investment manager Magnetar to help grow its residential development finance arm.
