Home Development finance

Development finance

The London-based manager was selected to provide the financing because it was able to provide a whole loan.
50 Fenchurch Street
The borrower acquired 50 Fenchurch Street in 2022 and plans to develop a circa £1bn office tower.
Two domestic managers, Silverton and Pöttinger, have paired up to offer advice in cases where schemes have stalled.
The manager has provided a £143m debt facility for a third later living development by Goldman Sachs-backed Riverstone.
The UK development lender is aiming to incentivise borrowers to bring forward schemes with societal benefits.
Fairfax Manchester
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.
rec
rec

Copyright PEI Media

Not for publication, email or dissemination