Tag: Ludo Mackenzie
In the last year Octopus Real Estate has funded several large consented sites.
Manchester Quays is part of Allied London (pictured), a UK property development company led by Michael Ingall.
The borrower has secured planning consent to demolish the property and build 447 residential units, a mixture of for sale and private rented sector.
Currently a Mr Tyre storage facility, the prime 3.6 acre site has planning consent to deliver a mixed-use scheme comprising 395 apartments for rent, including 38 affordable units, all finished to a very high specification.
Specialist property lender Octopus Property will provide four commercial loans totalling £33.7m to borrowers in Birmingham, Derby, Manchester and Edinburgh.
Specialist lender, Octopus Property has reached a final close of £230m for its Commercial Real Estate Debt Fund II (CREDF II).
Specialist lender Octopus Property and Acuitus Finance have together launched the UK’s first bridging loan for commercial property auction acquisitions.
Key features of the new product include 5.5% pa fixed, interest-only and includes loans from £0.5m to £2m.
This is the second loan completed with RHL in a month, with both deals totaling £11m.