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Urban Exposure, the UK residential development finance specialist, has announced it has set up a non-exclusive partnership with challenger bank Shawbrook.
Related Companies has made its first debt investment in the UK, taking a participation in the mezzanine tranche of Rocket Investments’ financing of the Atlas Building. Rocket Investments put out a press release today saying it had sourced £240 million of senior and mezzanine development finance for Atlas, a 40-storey residential tower with 82,000 sq ft of offices and retail on City Road on the edge of the City of London.
Urban Exposure is looking to expand its lending team as it closes in on its first residential development loan for its new £2bn joint venture with hedge fund EJF Capital. The specialist lender is hunting for up to three extra staff to join its 15-strong team as it moves to deploy the capital brought into its new Urban Exposure Finance Limited business.
Urban Exposure has pulled its £500m London Stock Exchange float citing “the prevailing IPO backdrop”. The vehicle that was to be known as Urban Exposure Real Estate had planned to use the equity to issue loans for residential development in the capital and announced its intention to float at the start of July. It said […]
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