ReSI secures £40m loan

By David Parsley2018-10-26T07:42:00

Source: Shutterstock/Ewelina Wachala

Residential Secure Income (ReSI) has obtained a £40m loan to help fund further acquisitions to boost its social housing portfolio.

The 25-year fixed rate debt secured against 823 retirement units in its portfolio and has been arranged with an insurance company. The loan is priced at a fixed rate of 3.4877%.

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