Lloyds backs South Yorkshire retail with £148m whole loan

Lloyds Commercial Real Estate has provided a £147.5m, five-year whole loan to Bank of Montreal (BMO) Real Estate Partners, formally known as F&C REIT, for the purchase of Parkgate retail park in South Yorkshire. The facility reflects a loan-to-value of 85% on the purchase price of £175m, which BMO paid to Hercules Unit Trust in August.