Barclays has agreed more than £110m of social housing loans.

The deals, with Shepherds Bush, Havelok, Thames Valley and Midsummer housing associations, are largely to fund development.

Midsummer’s facility includes £75m from Nationwide as well as £35m from Barclays.

This will refinance old debt and provide for new build and business plan requirements.

Barclays had not lent to Midsummer before but Nationwide already had a £27.5m agreement with the Milton Keynes-based registered social landlord.

London-based Shepherds Bush Housing Association borrowed £40m from Barclays for development.

Thames Valley borrowed £30m for development and to refinance existing debt. The RSL already had a £5m loan with Barclays.

Havelok, part of Longhurst Housing Group, borrowed £5m for development and to refinance loans, on top of the £7.1m it has already borrowed from Barclays.Barclays has agreed more than £110m of social housing loans.

The deals, with Shepherds Bush, Havelok, Thames Valley and Midsummer housing associations, are largely to fund development.

Midsummer’s facility includes £75m from Nationwide as well as £35m from Barclays.

This will refinance old debt and provide for new build and business plan requirements.

Barclays had not lent to Midsummer before but Nationwide already had a £27.5m agreement with the Milton Keynes-based registered social landlord.

London-based Shepherds Bush Housing Association borrowed £40m from Barclays for development.

Thames Valley borrowed £30m for development and to refinance existing debt. The RSL already had a £5m loan with Barclays.

Havelok, part of Longhurst Housing Group, borrowed £5m

for development and to refinance loans, on top of the £7.1m it has already borrowed from Barclays.

Source

Housing Today