Bulletin

L&G's property lending arm hails best year since launch

 L&G's property lending arm hails best year since launch

Legal & General's property lending arm has enjoyed its busiest year to date, lending over £550m across six deals. Since LGIM Commercial Lending launched in 2012, it has lent more than £1.5bn and built a reputation as an adaptable lender, prepared to consider complex situations and back investors in alternative asset classes, from social housing to student accommodation and hotels. Ashley Goldblatt, head of commercial lending at L&G, says the business is now looking to expand and broaden its offer by partnering with third-party capital. L&G's headline-making deals this year included a £75m loan against five airport hotels at an unusually high LTV ratio of 78% and the acquisition of a £150m social housing loan from Santander that saw L&G provide the borrower, The Hyde Group, with more flexible terms involving no financial covenants.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?