LATEST BANKS & LENDING NEWS
Assetz 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
Industry 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.
Economic ‘stress’ could create new opportunities for lenders
Investec’s Bladon says high-interest-rate environment could force ‘reweighting’ of UK lending sources.
Canada Life Asset Management completes £129m loan to Picton
Canada Life Asset Management has completed a £129m loan to subsidiaries of Picton Property Income.
Cheyne 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.
AEW 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.
Cheyne funds six Lifestory projects
Residential developer Lifestory has closed two development loans totalling £90m secured across six UK development sites.
