All Banks & lending articles – Page 8
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NewsOwners of Bon Accord centre call in administrators
The owners of Aberdeen’s Bon Accord Shopping Centre have entered administration following unsustainable cashflow problems.
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OnlineLAP refinances industrial and retail portfolio
London & Associated Properties (LAP) has refinanced an industrial and retail property portfolio with a new five-year £13.6m loan from Qatari bank QIB.
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NewsASK Partners passes £1bn lending milestone
Real estate funding specialist ASK Partners’ completed loans passed the £1bn mark following a recent £44.5m co-loan with OakNorth Bank secured against Richmond’s former House of Fraser store.
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OnlineSilbury provides almost £100m of loans for resi schemes
Silbury Finance has completed two senior development loans, totalling £96.5m, to fund the delivery of residential-for-sale schemes on the Old Kent Road in London and in Reading.
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OnlineLandhold secures £13.5m resi loan from Investec
Landhold Developments has secured a £13.5m loan from Investec Real Estate to fund the construction of 36 homes in Clapham, South West London.
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NewsInstitutional lenders ‘still living in the dark ages’, says Quigley
Beaufort Capital managing director says the likes of HSBC are missing an opportunity to dominate lending
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NewsHomes England loan vital to unlocking Silvertown project
The £233m funding could finally kickstart the long-delayed regeneration of the derelict east London site.
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OnlineBarings and Fairfield provide €70m loan against Dublin hotel
Barings and Fairfield Real Estate Finance have provided a €70.125m (£59m) investment facility to the JMK Group secured against the Holiday Inn Dublin Airport Hotel.
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OnlineCapitalRise structure £15.6m loan for Surrey housing development
CapitalRise has provided a £15.6m loan for the acquisition and development of five luxury houses on a 27-acre gated site in Farnham, Surrey, Property Week can reveal.
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OnlineAssetz chief exec: institutional banks have failed SME builders
Law says JV’s £1bn funding package will save small and medium developers neglected by high street lenders
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NewsIndustry figures say interest rate hike is forcing mortgage market changes
The Bank of England’s move to raise the base interest rate by 0.25 percentage points to 1.25% is having an immediate impact in forcing lenders to reprice their mortgage products, according to property industry figures.
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NewsEconomic ‘stress’ could create new opportunities for lenders
Investec’s Bladon says high-interest-rate environment could force ‘reweighting’ of UK lending sources.
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OnlineCanada Life Asset Management completes £129m loan to Picton
Canada Life Asset Management has completed a £129m loan to subsidiaries of Picton Property Income.
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NewsCheyne Capital lends £187m to LaSalle for Wembley mixed-use acquisition
Cheyne Capital Management has provided an £187m loan to LaSalle Investment Management to finance the acquisition and construction of a mixed-use scheme in Wembley, London.
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NewsAEW UK REIT secures £60m balancing loan amidst inflationary squeeze
AEW UK REIT has secured a new £60m 5-year term loan facility with investment adviser AgFe ahead of further anticipated inflationary hikes.
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NewsCheyne funds six Lifestory projects
Residential developer Lifestory has closed two development loans totalling £90m secured across six UK development sites.
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NewsCBREIM says small lenders must step in to fund asset upgrades
Big lenders will be unwilling to take on risk of funding improvements in assets’ ESG credentials, firm predicts.
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NewsThree-headed mortgage advisory group forms to tackle climate-change impact
Legal & General, Sesame Bankhall Group and SimplyBiz Mortgages have announced the launch of a new mortgage lending advisory group with a focus on climate change.
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OnlineLendInvest boosts AuM
Property finance group LendInvest produced a 36% increase in its assets under management (AuM) in the 12-months to 31 March, the group has told investors in an end of year trading update.
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NewsRemortgage activity surges by a third to beat rate rises, says L&G
Efforts to beat further interest rate rises may have been the catalyst for a rise in remortgage activity, according to Legal & General Mortgage Club.
