Industrial investment loan
A £42m loan facility comprising a £34m fixed rate investment loan and £8m floating rate development loan. This five-year facility has recently been extended for a further five years.
Secured by a 400-acre industrial and distribution site, in the North West, with development loan funding a pre-let warehouse.
Over 215 tenants across the portfolio.
The loan has supported development on site, including new industrial and office units and a solar farm with the borrower aiming to become self-sufficient from green energy.