Home Residential
Residential
The loan, provided by four banks, will support the delivery of a major project in the UK capital.
The loan, to a UK housing association, is the first since the funding programme was increased to £6bn.
Borrowers are demanding financing to fund innovative types of accommodation amidst a housing crisis in the country.
A syndicate of Spanish banks partially replaced the Spanish developer’s bond debt with a floating rate loan earlier this month.
The £85m loan from NatWest will replace existing construction debt from Oaktree Capital Management.
The unsecured £50m facility will be used for the development of 25,000 new homes over the next 10 years.
Atlas Capital Partners, founded by Sean Tarrant and Christoph Nickel, has provided a £15m refinancing of a Knightsbridge residential asset.
The insurance company lender has provided a loan against Get Living’s New Maker Yards in Salford.
The London-based manager was selected to provide the financing because it was able to provide a whole loan.
The loan, to developer ZAR Real Estate, includes capex for an ESG-focused upgrade of the properties.