All Banks & lending articles – Page 4
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Housing Growth Partnership invests £13m in Manchester BTR scheme
Housing Growth Partnership (HGP) has committed £13m to a joint venture with McGoff Group to deliver the new Downtown Victoria North build-to-rent scheme in Manchester.
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Silbury Finance provides £67m loan for 341-home development in Bedford
Silbury Finance has provided a £67m senior loan to MCR Property Group to fund the development of mixed-tenure homes in Bedford.
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OakNorth Bank lends Total Fitness £6.5m to expand and upgrade portfolio
OakNorth Bank has provided Total Fitness with a £6.5m loan to refinance a previous facility, refurbish several clubs and target growth opportunities beyond its core health club business.
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Goldman Sachs reports real estate write-downs
Banking giant Goldman Sachs has reported a $485m (£375m) impairment due to writedowns of its real estate investments, according to the group’s second-quarter earnings.
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Octopus provides £36.8m loan for Surrey office-to-resi project
Octopus Real Estate has provided Sheen Lane Developments with a £36.8m loan to fund the conversion and extension of a vacant Surrey office block into 174 apartments.
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Puma signs its largest loan yet for Manchester BTR scheme
Puma Property Finance has provided a £50m facility to the McGoff Group for the development of a 237-unit build-to-rent (BTR) scheme in central Manchester.
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PRS REIT completes refinancing
PRS REIT has completed the refinancing of its £150m revolving credit facility (RCF) with The Royal Bank of Scotland and Lloyds.
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What can lenders do if a major contractor becomes insolvent?
The insolvency of a significant building contractor such as Henry Construction has obvious widespread effects on many parties, including employees, customers, contractors and developers.
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Marlet Property secures £87m refinancing
Marlet Property Group has finalised a €102m (£87.3m) refinancing facility with Cheyne Capital Real Estate for its Shipping Office development in Dublin.
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Octopus lends £26.3m to care home operator Connaught
Octopus Real Estate has agreed to lend Connaught Care £26.3m to support the development of two care homes.
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Heartwood secures new funding for ‘pubs with rooms’ rollout
Hospitality and pub group Heartwood Collection has secured additional funding to support its roll-out into freehold pubs and the ’pubs with rooms’ market offering accommodation.
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Lendinvest secures £500m investment from Chetwood
LendInvest has revealed a £500m investment from Chetwood Financial to fund its mortgage business.
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Savvy investors may benefit from distress over rate hikes
Interest rate rises are a challenge for debt-backed investors but offer others a chance to buy discounted assets.
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OakNorth lends £22m to for Hilton hotel at Edinburgh Airport
OakNorth Bank has agreed a £22m loan to Ability Hotels to fund the extension of a hotel at Edinburgh Airport.
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OneMedical to expand UK portfolio following £30m backing from OakNorth
OakNorth Bank has provided a £30m debt facility to back the expansion of OneMedical Property’s UK medical centres portfolio.
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Watkin Jones agrees forward-funding deal on Belfast BTR scheme
Watkin Jones and Lacuna Developments have agreed a deal with Legal & General and Clanmil Housing Association to forward-fund the Loft Lines build-to-rent (BTR) scheme in the Titanic Quarter in Belfast.
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FDC secures £30m following year of record lending to SMEs
Frontier Development Capital (FDC) has raised a further £30m from existing investors West Midlands Pension Fund and British Business Investments after completing a record year for investment.
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LendInvest sells BTL portfolio for £243m
LendInvest has sold a portfolio of buy-to-let residential mortgages to Chetwood Financial for £243m.
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Sirius agrees early new lending deal
Sirius Real Estate has agreed an early refinancing of the company’s next major debt expiry with German lender Deutsche Pfandbriefbank.
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Downing closes £25m Peckham development loan
Investment manager Downing has completed a £25m development loan on a scheme in Peckham, London.