LATEST BANKS & LENDING NEWS
Octopus finances studio purchase
Real estate lender and investor Octopus Real Estate has completed a £30m loan to Ridgeway Property Holdings to aid the acquisition of a 182,764 sq ft office and warehouse space to be used as film and TV studios in Mill Hill, north London.
Allica Bank unveils SME loans offer
Allica Bank is set to lend £50m at an interest rate of 3.5% in an eight-week promotion aimed at small and medium-sized firms seeking owner-occupied commercial mortgages.
L&G secures £265m facility to refinance existing lending
Legal & General Investment Management (LGIM) Real Assets’ build to rent (BTR) fund, has secured a £265m debt facility from a consortium of lenders.
Paragon development finance arm aims to double lending
The business has lent £1.5bn in three years and is now looking to lend the same again in the next two years.
Zorin enters North East England market
Zorin Finance has made its first investment in the North East of England following an £11m loan to a local developer.
Shawbrook hits target to lend £1bn to developers year early
The bank provided 92 loans with a value of £380m to UK property developers in the 12 months to April.
How lenders survived Covid-19
Being a real estate lender during the pandemic has been a rollercoaster ride, but has been far less bumpy than in the last property downturn after the global financial crisis.
