All Banks & lending articles – Page 28
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OnlineThe 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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OnlinePatron 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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OnlineAareal Bank acquires stake in BrickVest
Real estate specialist German bank Aareal has invested in online investment platform BrickVest.
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OnlineResolution 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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OnlineTake-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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NewsFull scale of lender losses from last cycle revealed
Report urges banks to learn lessons of ‘irrationally exuberant late-cycle lending’.
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OnlineZorin 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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NewsKexgill 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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OnlineRegional 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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OnlineBE Offices completes £84m refinancing
BE Offices, the independent flexible workspace group, has completed a £84m refinancing package with HSBC.
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NewsLendInvest 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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NewsSociete 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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NewsLTVs 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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OnlineShawbrook 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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OnlineRBS 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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OnlineNomura 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.
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OnlineColliers launches debt advisory service
Colliers International has launched a debt advisory service, with the appointment of a team of people from a Jersey-based consultancy.
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OnlineKorean fund agrees £1.2bn Goldman HQ sale and leaseback
Korea’s National Pension Service has agreed a £1.16bn sale and leaseback deal with Goldman Sachs to acquire the bank’s new London headquarters.
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OnlineCairn completes €350m debt refinancing
Irish housebuilder Cairn Homes has completed a debt refinancing of its existing €200m (£179.7m) senior debt facility into a new €277.5m term loan and revolving credit facility with Allied Irish Banks, Ulster Bank Ireland and Barclays Bank Ireland.
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NewsGLN agrees £230m refinancing for UK assets
Global Net Lease, a real estate investment trust, has entered into a £230m refinancing as it closes its share offering.
