Specialist property lender Octopus Property (OP) has provided a £3.27m loan for the acquisition of an office building in Isleworth, West London for FRT Developments (FRT), specialists in asset regeneration.
Investec Structured Property Finance (‘Investec’) has provided a further £12m, 24-month facility to finance the development of over 100,000 sq ft of grade-A industrial space near Basingstoke.
Octopus Property has doubled its origination volumes over the past 24 months, launching products as part of its lifecycle lending proposition and expanding its team from 40 to 60 people.
He is one of LendInvest’s longest-serving business development managers, having joined the lender in March 2013.
The new website will contain user guides to help brokers understand issues, like limited companies and lending on HMOs.
Darren Peiris (pictured) has worked within the banking and finance sectors for the past 13 years, previously at ASC Finance.
The bank said the move is a response to increased demand from developers looking to borrow through tailored financing facilities.
The new role suggests that a greater importance will be placed on housing which has not been a Cabinet level brief for a number of years.
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Over half (51%) of Britons would be deterred from buying a property that is coated in excessive Christmas lights and decorations, estate agent eMoov.co.uk found. eMoov…