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Barclays provides £96m whole loan for Harbert’s latest buy
Barclays has lent Harbert £96m to fund its acquisition of a portfolio of nine offices across the UK. The bank provided a four-year whole loan reflecting a 70% loan-to-value on the £137m purchase price. Barclays acted as sole arranger, lender and agent on the facility. It may sell down a junior portion of the loan.
