LATEST BANKS & LENDING NEWS
Non-bank lender provides £200m whole loan to park homes operator Royale.
Oaknorth and ASK Partners have provided a combined facility of over £50m to fund Groveworld’s acquisition of a major mixed-use development site in King’s Cross.
Angelo Gordon and T&B Capital have secured a £7.8m loan from PMM Group Real Estate Finance for the refinancing of The Gara Rock Hotel.
Morgan Stanley has launched a securitisation of the £367.5m loan on London’s CityPoint tower.
The cost of senior debt on prime offices in the UK has fallen 4.5% over the last quarter to 2.79%.
Aldermore, the specialist bank, has provided a £10.8m property development loan to DG1 Developments for the construction of a large scale student accommodation scheme in central Cardiff.
A joint venture backed by Christian Candy’s CPC Group has secured a £19m debt financing deal with OakNorth to fund a mixed-use building close to Hackney Wick station.