Investec Structured Property Finance has provided a £36m (€39m) loan to fund a London build-to-rent development.
Investec said the five-year senior debt facility will help Comer Homes complete the 204-apartment final phase of Mast Quay BTR development in Woolwich.
Mast Quay is a two-block riverside residential scheme, due for completion in December 2022.
The latest investment is Investec’s third deal with Comer Homes, having most recently provided a £45m loan to fund the development of Royal Winchester House in Bracknell into 338 units for rent.
Stuart Scott, Investec Structured Property Finance, said: “Comer Homes is a longstanding client and we’re delighted to be supporting them in delivering this major residential offering.
“Following our funding of Royal Winchester House in Bracknell, we were extremely impressed with their management of such a large-scale project, which was delivered on time and on budget and are delighted to be working with them again to provide funding certainty in these challenging times.
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