L&G’s BTR business agrees £150m loan

Birmingham BTR Legal General image

Legal & General’s suburban build-to-rent (BTR) business has signed a £150m five-year revolving credit facility (RCF) to finance its pipeline of 1,000 homes.

The lending is backed by HSBC UK, Barclays and Natwest, and follows L&G’s deal with Cala Homes for 107 homes in Crowthorne, Berkshire.

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