LEXI arranges £11m for London resi developer

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Real estate capital advisory LEXI Finance has structured an £11m blended loan on behalf of a private London-based housebuilder to support its development of 29 new-build apartments in Wandsworth, south London.

The loan is made up of a senior development facility, provided by United Trust Bank and mezzanine finance from a private family office, which will enable the developer to boost its return on investment and deploy an efficient use of their capital across projects.

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