Cookie Error:

Cookies deactivated. To use all functions on this portal, for example the login, Cookies must be activated. Please activate Cookies in your browser settings.

News » UK
    Print Print 

LendInvest completes €13.8 million property loan with Merseyside Pension Fund

LendInvest has partnered with Merseyside Pension Fund to finance a loan secured against a development site in Canary Wharf. The €13.8 million (£12 million) deal was originated and underwritten by LendInvest and syndicated with Merseyside Pension Fund. LendInvest and Merseyside Pension Fund are equal partners on the deal and LendInvest will act as security trustee and loan servicer. The loan was made to an established property development company to finance the purchase of a strategic development site in London's Docklands. The borrower is seeking planning consent to build a 320 bedroom budget hotel and 199 residential units and a decision is expected during 2017.

Chris Shorrock of CBRE Capital Advisors, the Strategic Advisor to MPF, a...[…]