‘Product-less’ lender, Octane Capital, today announced that it has completed on a £7.5m developer exit loan to a client of Alpe Capital secured against a completed 15-unit block of flats in South West London. The development funder needed to be urgently repaid as the developer had been delayed in starting the works by over a […]
Legal & General announces that it is investing £150m into Sheffield’s West Bar Square development to deliver the first phase of this substantial mixed-use project in partnership with Developer Urbo and Sheffield City Council, as it continues to invest for the long-term, supporting the UK’s post crisis economic growth prospects, jobs and housing needs. The […]
Aspen Bridging has become the first UK lender to state it will lend on pre Covid-19 property values. Under the market leading offering, all valuation bases are to be provided on the special assumption of normal market conditions as were prevailing as of March 1st, 2020 without the coronavirus and any associated economic impact. The […]
Since we last conducted this survey at the end of March, the number of Covid-19 cases around the globe has more than doubled. But as many countries have reached peaks in the numbers of new infections, some clarity is emerging. Focus is now turning to ending the lockdowns, and in a few countries, some nonessential […]
The West Midlands Combined Authority (WMCA) has approved a further suite of multi-million-pound investments to unlock and transform former industrial sites across the region including Fountain Lane in Sandwell and Abbotts Lane, Coventry. As well as providing housing supply, new commercial premises and high-quality public amenities in line with the WMCA Design Charter standards, the […]
Pluto Finance has closed a £13m development exit bridge loan for Signia in Wembley, London HA9. The facility provides a development exit loan to allow time for the experienced developer to sell the available residential units and provides an equity release to fund new acquisitions. The completed mixed-use scheme is located at the bottom of […]
Real estate businesses are facing a LIBOR crunch, with over half of property businesses with borrowing yet to speak to lenders about alternative interest rate benchmarks, finds research from the law firm Collyer Bristow. Collyer Bristow surveyed 60 real estate business in the UK and found: 70% are aware that LIBOR is being phased out. […]
A family-owned property business has positioned itself to help its worst affected business centre tenants while they deal with the coronavirus crisis, thanks to new financial support from Bank of Scotland. Jute Properties purchased the Dundee One office block in 2017 and has subsequently developed the building to create a mix of fully furnished offices, […]
LendInvest, the UK’s leading platform for property finance, has updated its product catalogue in response to recent market turbulence, and confirms that it intends to continue lending. LendInvest has limited bridging loan LTVs to 70% for residential property and 60% for commercial property. For buy-to-let (BTL), LendInvest has limited LTVs to 70% and will lend […]
In less than a month, the property market disruption caused by the Covid-19 pandemic has reached almost every corner of the globe. Occupiers, dramatically adjusting their behaviour to new ways of living and working have altered market fundamentals. Investors have paused to take stock of conditions and deal volumes have fallen. Not all sectors and […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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