All Banks & lending articles – Page 12
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NewsProperty stocks plummet as coronavirus crisis escalates
Share prices have slumped by around 37% on average, with struggling retail landlord intu hit hardest.
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News
Intu embarks on crisis talks to save company from collapse
Shopping centre giant intu has embarked on a series of meetings with lenders and investors in a last-ditch attempt to rescue the company from collapse.
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Online
Regulators urge banks to be flexible in timely move for real estate
UK and EU regulators have urged banks to take a flexible approach to problem loans in a move that will be welcomed by landlords just days before their interest payments are due.
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News
Listed lenders hit by margin calls and share price slump
UK-listed lenders seek to reassure investors as Covid-19 prompts fall in share prices and rise in margin calls.
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Online
Future Generation secures loan for Sheffield scheme
Future Generation has refinanced a £39m development loan that will partly fund construction of the third phase of a Sheffield student accommodation scheme.
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Insight
M&A time for specialist lenders
The recent CharterCourt and OneSavingsBank merger, and Foresight Group’s acquisition of Signature Private Finance, may be a sign of things to come in the specialist finance market.
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News
Five banks arrange £450m ESG-linked facility for Great Portland Estates
Last month, Great Portland Estates (GPE) signed a £450m, ESG-linked revolving credit facility with a group of five banks.
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Online
Tungsten secures £50m RCF for logistics pipeline
Tungsten Properties has secured a £50m revolving credit facility (RCF) from Fortwell Capital.
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Insight
Firesales: alternative lenders should step in
Editor: There were claims last week that Hammerson could be forced into a firesale after it reported slashing £800m from the value of its portfolio. Rival intu is also reported to be at risk if it fails to raise fresh equity to pay down its £4.7bn debt pile .
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Online
Urban Exposure confirms talks with Pollen Street
Urban Exposure has confirmed that it is in talks with Pollen Street Capital regarding the disposal of its loan book.
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Online
Intu in danger of breaching covenants as it fails to get investor backing for fundraising
Troubled retail property giant Intu has canned attempts to raise up to £1.5bn from investors after failing to gain enough support, and has warned it could be in breach of banking covenants by July.
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M&G agrees £50m loan on City office scheme
M G Investments has agreed a £49.8m five-year loan to a joint venture between Aegila Capital Management Greycoat London Asset Management for an office refurbishment in the CIty of London.
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CMBS noteholders agree to cut losses
Concern about commercial property outlook prompts decision to sell for £120m.
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Online
L&G secures £175m debt funding deal for affordable housing
Legal General’s affordable housing business has secured £175m of development finance from external investors for the delivery of 3,500 affordable homes.
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News
OakNorth funds £27m aparthotel in Aldgate
OakNorth Bank has provided £27m to Oaktree Capital Management to fund the development of a 12-storey aparthotel in Aldgate.
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Online
Investec supports £120m Brighton scheme
Investec Structured Property Finance has agreed to provide mixed‐ use developer First Base and Patron Capital with a £35m loan for the development of a commercial scheme in Brighton.
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Online
GPE signs £450m ESG-linked loan facility
Great Portland Estates has signed a £450m ESG-linked unsecured revolving credit facility with five lenders.
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Apollo quadruples lending in Europe after spate of big deals
The US private equity firm lent $3.7bn in Europe last year including refinancing flagship Topshop store
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Online
LTV covenant triggered on Intu shopping centre bond
The falling value of intu’s Metrocentre shopping centre in Gateshead has triggered a covenant in one of its bonds.
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Online
Oxane Partners enters loan servicing market
Proptech firm Oxane Partners has expanded into the load servicing market, securing MOR CS3 ranking from DBRS Morningstar as a commercial mortgage servicer.
