Lloyds and Scottish Widows arrange £55m loan for LXi REIT

Lloyds Bank Commercial Banking, through its partnership with group insurer Scottish Widows, has provided a £55 million loan to UK real estate investment trust LXi REIT. The 12-year loan has been arranged at a fixed all-in rate of 2.93 percent a year, and reflects a loan-to-value ratio of 30 percent. The REIT said the cost […]