Silbury agrees £39m loan for Elysian Kent scheme

Retirement home

Source: Shutterstock/gagliard images

Silbury Finance, the development lender backed by Oaktree Capital Management, has agreed a £39.2m loan to the UK Retirement Living Fund (ReLF) to fund the development of a retirement village in Royal Tunbridge Wells, Kent.

Comprising 89 for-sale homes, the scheme is the second project to be developed by the joint venture between ReLF and Elysian Residences.

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