Leicester property investor secures £45m funding deal
Custodian REIT has agreed a new £45m debt facility with Lloyds Bank Commercial Banking’s Real Estate team in partnership with Scottish Widows.
The funding package provides £25m to fund new property acquisitions and £20m to repay existing term loans ahead of expiry.
It is the second deal Leicester-based Custodian REIT has secured with Lloyds Bank and Scottish Widows following a £20m facility secured in July 2015 – the first commercial property loan issued by the tie-up between the two arms of Lloyds Banking Group.
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