Octopus provides £28m loan for Ilford office-to-resi scheme

EGI
By Emma Rosser
10 June 2019

Octopus Real Estate has provided a £28.4m refinancing facility for LMSL Group’s office-to-residential refurbishment at Charter House in Ilford. The 106-home development at 450 High Road comprises a mix of one-, two- and three-bedroom apartments. It is located between Ilford and Seven Kings, in the London Borough of Redbridge, within walking distance of the new Crossrail station.

Octopus Real Estate to provide record refinancing facility

Development Finance Today
By Theo Osborn
10 June 2019

Octopus Real Estate has agreed to provide a £28.4m refinancing facility on a PRS scheme in Ilford, east London. The loan — which is the largest residential refinancing originated by Octopus Real Estate — was secured by way of a first charge on a 24-month term at 68% LTV.

Octopus refinances ‘largest ever’ development scheme for £28.4m

Specialist Lending Solutions
By Liz Bury
10 June 2019

Octopus Real Estate has agreed its largest-ever residential refinancing deal to cover a scheme of 106 privately rented units. The £28.4m facility refinances an existing development loan on the scheme in Ilford, East London. The project to refurbish a former office building is scheduled to complete in July and will provide one, two and three-bedroomed flats.

Octopus Real Estate lends £28.4m for PRS scheme

Mortgage Introducer
By Michael Lloyd
10 June 2019

Octopus Real Estate, part of the Octopus Group, will provide an experienced London property investment, development and management business, with a £28.4m refinancing facility on a private rented sector scheme in Ilford, London.

Octopus Real Estate lends £28.4m for PRS scheme

Bridging Loan Directory
10 June 2019

London, 10 June 2019 – Octopus Real Estate, part of the Octopus Group, has agreed to provide an experienced London property investment, development and management business, with a £28.4 million refinancing facility on a Private Rented Sector scheme in Ilford, London.

Octopus Real Estate lends £28.4m for PRS scheme

Property Funds World
10 June 2019

Octopus Real Estate has agreed to provide an experienced London property investment, development and management business, with a GBP28.4 million refinancing facility on a Private Rented Sector scheme in Ilford, London.

Due for practical completion in July 2019, the scheme will deliver 106 residential units for rent, with a mix of one, two and three-bed homes. The new facility will refinance the current development loan on the scheme and enable the borrower to complete refurbishment works on the former office building.