Alternative real estate lender Venn Partners is providing a £97.5 million (€122.9 million; $153.6 million) debt facility to property developer HUB Residential for the construction of 360 homes at London’s Royal Docks, the firms said in a joint statement.
The financing is the first development loan from UK-based lender Venn and has a three year maturity, Paul House, managing partner of Venn’s property lending business, told PDI.
