LATEST BANKS & LENDING NEWS
Octopus Property, the specialist lender, has revealed its loan book has passed the £1bn barrier.
Debt includes senior and junior loan participations and has a remaining term of around five and a half years
Commercial lending platform has raised £3bn of third-party capital in past year
US private equity firm Lone Star is handing the keys for the remaining properties in its Tiger shopping centre portfolio to lenders following a sharp fall in retail property values.
Impact Healthcare REIT has agreed a new £25m credit facility with Clydesdale Bank.
Pluto Finance has agreed a £35m stretch senior residential loan to Elevate Property Group for a new 216-unit apartment scheme in Ashford, Kent.
Specialist lender Octopus Property has provided a subsidiary of the BH Group with a three-year, £8.1m loan to refinance the newly developed Hotel Indigo Manchester, located in the city centre.