Biggest bridging loan for bank is for £130m Salford redevelopment
The niche property bank Cambridge & Counties has made its biggest bridging loan to date to assist in the purchase of a redevelopment site in Salford with planning permission for a £130m mixed use landmark project on one of the key gateways into Manchester’s city centre.
The facility took just six weeks to drawdown following the initial meeting with the bank.
The new owner of the freehold, property business Leo Property Group, is now looking to either sell the site or carry out a joint venture development on the land which... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
