All Banks & lending articles – Page 12
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Online
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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News
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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Online
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.
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News
Paragon development finance arm aims to double lending
The business has lent £1.5bn in three years and is now looking to lend the same again in the next two years.
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Online
Zorin enters North East England market
Zorin Finance has made its first investment in the North East of England following an £11m loan to a local developer.
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News
Shawbrook hits target to lend £1bn to developers year early
The bank provided 92 loans with a value of £380m to UK property developers in the 12 months to April.
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Insight
How lenders survived Covid-19
Being a real estate lender during the pandemic has been a rollercoaster ride, but has been far less bumpy than in the last property downturn after the global financial crisis.
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Online
Hibernia turns to US for fundraising
Hibernia REIT has entered an agreement to issue €125m (£107m) of new unsecured US private placement notes, which will help fund development of two of the group’s Dublin office projects.
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News
Qatari Diar lands £450m green loan
Qatari Diar has secured a £450m green loan – one of the largest single property asset green loans ever in the UK – to finance the construction of The Chancery Rosewood, its luxury retail and hotel scheme in London’s Grosvenor Square, Property Week can reveal.
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News
LondonMetric completes on £780m of debt refinancings
REIT agrees two lending streams and a private debt placement to increase debt maturity by four years
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Online
Fairfield lends £17m on Padlock’s self-storage assets
Fairfield Real Estate Finance has backed Canadian investor Padlock Partners UK Fund I with a £17m loan on a UK based self-storage portfolio.
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Online
LSL and Pollen Street launch £200m mortgage broking JV
LSL Property Service has formed a £200m joint venture with Pollen Street Capital with the target of becoming the UK’s leading national mortgage broker.
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News
Commercial property lending market slumps 23% in 2020
Report shows loan-to-value ratios reached historic low during a year of lockdowns and slow market activity
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Online
QIP secures £23m refinancing deal with Invesco on student development
Q Investment Partners (QIP) has secured a £23m refinancing of Straits Village, its 300-bed UK purpose-built student accommodation (PBSA) complex in Nottingham.
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Online
Aviva agrees £73m green loan to CEG
Aviva Investors has completed a £73m sustainable transition loan agreement with property investment management and development company Commercial Estates Group (CEG).
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Online
Santander appoints Colliers to manage property disposal programme
Santander has appointed Colliers to oversee its property disposal programme, following the bank’s announcement that it plans to close 111 of its branches across the UK.
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Online
Aviva agrees finance deal with AIMCo and Canmoor on industrial assets
Aviva Investors has provided a £184.7m senior debt facility to Alberta Investment Management Corporation (AIMCo) and Canmoor.
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Online
Aviva Investors provides £26.7m to Pictet JV
Aviva Investors has provided two senior debt facilities to a joint venture between Pictet Group, Marchmont Investment Management and Pinnacle Investments.
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Online
OakNorth provides £25.4m loan for Leeds office building
OakNorth Bank has provided a £25.4m loan to a subsidiary of Scarborough Group International for the development of a Leeds office building.