Loan Introducer
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog
  • Commercial
  • Residential
  • Secured
  • Short Term
  • Unsecured

Time: 0:0

Investec Structured Property Finance provides two senior debt facilities

07 September, 2017

By: Jessica Nangle

category: News

0

Investec Structured Property Finance has agreed to provide Southdawn Limited with two senior debt facilities totaling £61m.

The funding assists with the acquisition and development of two PRS schemes in Crawley, Sussex and Sudbury, West London which will total around 400 units.

In Sudbury, Investec has provided £43m for the acquisition and first phase development of a vacant 164,000 sq ft office block and adjoining 7.9 acres of land known as Kellogg Tower.

At Crawley, Investec provided an £18m facility for the acquisition and development of a vacant office property totaling 43,600 sq ft, into 129 residential units over four storeys.

Hayley Scott, at Investec Structured Property Finance, said: “As the Private Rented Sector starts to make a significant contribution to solving the housing shortage in London and the South East, we anticipate future opportunities to fund similar schemes.

“The PRS market is continuing to mature, driven by changing home-ownership attitudes and an increasing market acceptance of the advantages of this type of accommodation.”

Cyril Ogunmakin, chief executive of Interland Group, added: “The Investec team has a wealth of experience financing complex residential transactions and, as always, were flexible and commercial in their approach.

“We look forward to maintaining this strong relationship as we develop our pipeline of projects.”


Tags: Cyril Ogunmakin, Hayley Scott, Interland Group, Investec Structured Property Finance, Southdawn Limited

Recent News

Second charge lending up £13.4m

24 November, 2021

Selina Finance ups second charge LTV

22 November, 2021

Pepper Money completes largest second charge securitisation

18 November, 2021

Ryan McGrath exits The Loans Engine

03 November, 2021

Comments are closed.

Polls

Will the next six months see an increase in second charge business?

View Results

Loading ... Loading ...
BACK TO TOP

Blog

Morwell Pokies Opening Hours - 24 Pokies Casino No Deposit B...

20 August, 2021

  • 0

Uptown Pokies No Deposit Codes 2021 | Casinos related to Upt...

20 August, 2021

  • 0

The Top Online Pokies And Casinos In Australia | 5 dragons p...

20 August, 2021

  • 0

Tags

  • ‘The LM Experience’
  • £50m
  • 1st HomeLoans
  • 1st Stop Group
  • 247Moneybox
  • 360 Lifecycle
  • 75% LTV
  • 85% LTV
  • Aaron Noone
  • ABC
  • Abhai Rajguru
  • Access 4 Finance
  • Access4Finance
  • Accord
  • acquisition
  • Adam Tyler
  • Adelle Rhule-Martin
  • Adrian Moloney
  • Advertising Standards Agency
  • Advertising Standards Agnecy
  • Home
  • News
  • Latest Issue
  • Mortgage Rates
  • House Price Centre
  • Blog

© CEDAC Media Limited | Terms & Conditions

Advice to readers

While this website is checked for accuracy, we are not liable for any incorrect information included. We recommend that you make enquiries based on your own circumstances and, if necessary, take professional advice before entering into transactions.


© CEDAC Media: Our Privacy and Cookies Policy

www.mortgageintroducer.com
www.investmentinternational.com
www.homebuying.co.uk
www.propertywire.com
www.everyinvestor.co.uk

Close

Enter the site

Login

Password

Remember me

Forgot password?

Login