Wells Fargo writes fresh £120m loan for King’s Cross

Wells Fargo has provided a £120m five-year investment loan to King’s Cross Central Limited Partnership on the developer's One and Two Pancras Square office buildings. The facility converts a £72m, five-year development loan originally made in 2012 by Eurohypo, before it was taken over by Wells Fargo. The first loan was a rare example at the time of speculative development finance, with an initial margin of 450bps and around 50% loan-to-cost.

To view this content, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

Register now to access this content and more for free.

Share this