Home Development finance
Development finance
The UK development lender is aiming to incentivise borrowers to bring forward schemes with societal benefits.
The facility will fund the development of a luxury rental apartment scheme in Manchester.
The firm provided the construction loan through its UK Secured Lending Fund III.
Mark Branson said lenders will be under pressure as the credit quality of real estate loans continues to decline.
The financing for the 585-bed Vita Student project in Madrid is the lender’s first in Spain.
The specialist lender’s CEO says more equity is needed in the UK residential development market.
The financing will fund part of a £250m regeneration scheme.
The alternative lender will provide loans of up to 36 months for UK residential developers.
Continued signs of stress are still being seen in the CRE finance market, says Trimont’s Dean Harris.
Eugene Owusu has set up AMA Capital to help German developers access capital streams amid dwindling bank LTC ratios.