All Banks & lending articles – Page 17
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NewsMall loan defaults for second time in a year
Default was triggered following revaluation of trio of UK shopping centres
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OnlineMount 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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OnlineRegulator 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.
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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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NewsIntu 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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OnlineRegulators 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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NewsListed 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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OnlineFuture 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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InsightM&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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NewsFive 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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OnlineTungsten secures £50m RCF for logistics pipeline
Tungsten Properties has secured a £50m revolving credit facility (RCF) from Fortwell Capital.
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InsightFiresales: 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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OnlineUrban 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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OnlineIntu 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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OnlineM&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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NewsCMBS noteholders agree to cut losses
Concern about commercial property outlook prompts decision to sell for £120m.
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OnlineL&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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NewsOakNorth 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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OnlineInvestec 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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OnlineGPE signs £450m ESG-linked loan facility
Great Portland Estates has signed a £450m ESG-linked unsecured revolving credit facility with five lenders.
