By Guy Montague-Jones2018-03-23T00:00:00
The company is looking to form joint venture with Far Eastern investors to raise war chest of at least £100m.
The company has agreed a £17.5m refinancing package with OakNorth that is secured against Ankor’s The Cube portfolio, consisting of two purpose-built student blocks in Ealing and Greenwich.
The new facility, agreed at 65% loan-to-value and 4.5% plus LIBOR, replaces development funding from Octopus and represents OakNorth’s first foray into the student accommodation sector.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.