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Development finance
The UK-based lender has written a £59.8m loan to develop New Horizons Court in Brentford.
The mixed-used scheme, which includes luxury apartments and office space and is backed by Israeli billionaire Teddy Sagi, has attracted £72m of debt finance.
A rebound in commercial property lending during H2 2017 put last year’s figures on a par with 2016.
Lloyds has led the £390m financing of the mixed-use project in Shoreditch.
The private lender has provided a £53.9m loan to Meadow Partners for a London development.
TH Real Estate, Allianz and a third undisclosed debt provider provide a six-year bullet loan for the landmark 80 Fenchurch Street building with a LTV understood to be in the 50% range.
The bridging finance specialist, now owned by executive director Dan Smith (pictured) and Arthur Jennings, will continue to focus on medium-sized loans.
The German insurer is aiming to diversify its property loan book with ‘enhanced’ lending products.
A survey of UK debt trends shows alternative lenders are encroaching further into senior banks’ territory.
Titlestone Structured Finance and Shawbrook Bank have provided £42.5m across two facilities for a London residential scheme.