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The deal comes as the Canadian manager plans to ramp up its European real estate lending activity.
The US manager said it is on the lookout for further growth opportunities.
The bank’s build-to-rent target demonstrates lender appetite for the private rented sector.
The company says five-year lending rates saw a ‘material decrease’ as central banks’ easing cycle began during the third quarter.
The loan, provided by four banks, will support the delivery of a major project in the UK capital.
The loan, to a UK housing association, is the first since the funding programme was increased to £6bn.
Borrowers are demanding financing to fund innovative types of accommodation amidst a housing crisis in the country.
A syndicate of Spanish banks partially replaced the Spanish developer’s bond debt with a floating rate loan earlier this month.
The £85m loan from NatWest will replace existing construction debt from Oaktree Capital Management.
The unsecured £50m facility will be used for the development of 25,000 new homes over the next 10 years.