£3.25m stabilisation loan refinances 131-bed London hostel
MERA has completed a £3.25m stabilisation loan to refinance a 131-bed hostel on City Road, London. The 24-month bridging facility gives the borrower time to build a trading record before…
£40m Angel scheme launches new property development firm
Iron Bridge London, a new property development business from the founder of mezzanine and equity funder Iron Bridge Finance, has launched, with construction already under way on its first scheme,…
£136.8m refinance for two Manchester apartment towers
Real estate finance provider Maslow Capital has completed a £136.8m refinance for Vita Group, secured on the North and East Towers at Circle Square, a mixed-use development on Manchester's Oxford…
Greater Palm Beach Luxury Home Market Sets Record as Wealth Continues to Flow In
Email Sign Up For Our Free Weekly Newsletter Palm Beach County's luxury housing market has already broken its annual record for $10 million-plus home sales, underscoring the resilience of South…
TAB funds Portobello Road acquisitions with £7m bridge
Commercial mortgage lender TAB has provided two connected bridging finance facilities totalling £7m to the same borrower, funding the purchase of two freehold commercial units on Portobello Road and the…
First-time landlord lands £160,000 buy-to-let loan after decline
Specialist lender Rely has provided a buy-to-let loan to a first-time landlord buying a London investment property after another lender declined the case. The landlord was purchasing a property valued…
£1.9m bridging loan funds five-apartment conversion in Bath
A developer is using a £1.9m refurbishment bridging loan from Aspen to convert a Grade I listed office building in Bath town centre into five residential apartments. Under the bridging…
£3.8m development finance backs 15-apartment Bath conversion
Paragon Bank has provided a £3.8m development finance facility to fund the conversion of a historic office building in Bath city centre into 15 private apartments. The lender's development finance…
U.S. Mortgage Rates Hit 7.28 Percent in October, a 3-Year High
Email Sign Up For Our Free Weekly Newsletter Iran War Fuels Added Inflation and Mortgage Rate Pressure According to Freddie Mac, U.S. mortgage rates surged to their highest level in…
STB funds £4.5m land bridge on 266-bed co-living site
Secure Trust Bank (STB) Business Finance has completed a £4.5m land bridge loan to take Greyfriars House, a co-living development in Reading, through Gateway 2 and demolition. The funding leaves…