UK-listed Secure Income REIT has received a £220 mln (€303 mln) loan from Legal & General to finance a portfolio of nine UK private hospitals.

UK-listed Secure Income REIT has received a £220 mln (€303 mln) loan from Legal & General to finance a portfolio of nine UK private hospitals.

The loan marks the first time Legal & General’s property lending arm has arranged a transaction for a third-party client alongside its annuity fund.

The deal brings Legal & General’s total lending to nearly £1.5 bn across 16 deals covering social housing, student accommodation, healthcare, care homes and hotels, as well as mainstream asset classes.

Lending manager Steve Boyle said: ‘We are delighted to form part of what was a large refinancing project with Secure Income REIT plc, particularly as it has enabled Legal & General to continue to expand its role in supporting the UK’s social infrastructure.’

Secure Income REIT focuses on long-term income with a freehold portfolio of 28 properties, including major UK tourist attractions and private hospitals. The company listed on London’s Alternative Investment Market (AIM) in June 2014.