Residential

The private investor argues the residential scheme at the UK capital’s Royal Docks is designed to be within financial reach of ‘average’ Londoners.

After providing its second shared ownership loan to UK housing provider Heylo Housing, BlackRock’s head of European infrastructure debt says the possibility to facilitate housing security in the country through the financing was a key factor supporting its involvement.

Market sources say non-bank lenders dominate the financing of such schemes as they look for returns in parts of the market underserved by traditional banks.

The firm’s head of European real estate finance explains why the opportunity to finance 10 George Street in London’s Canary Wharf tempted it into its first private rented sector residential loan in Europe.

Following its financing of a regional UK office-to-residential conversion, the lender’s chief executive says repurposing projects are creating opportunities for debt providers.

Among the past week’s most noteworthy items, manager Oaktree emphasised the importance of credit-related deals to its new opportunity fund.

Nine months after their departure from the UK listed property lender, Randeesh and Daljit Sandhu have launched private equity-backed Précis Capital Partners.

The UK residential development finance specialist, which launched in January, has provided a £47m loan for a high-end retirement scheme.

The US investment bank has provided funding to specialist debt provider LendInvest to back its mortgage lending strategy.

During 2021, equity capital will be diverted from offices and shops to beds and sheds, creating demand for debt finance. But lenders should not overlook opportunities elsewhere.