Real estate financing deals secured in US and UK

Various real estate financing deals have been completed across the United States and the United Kingdom, highlighting diverse lending strategies in the property market.

In Culver City, California, Dwight Capital provided a $62 million bridge loan to GR Properties USA for the refinancing of ‘Lana’, a 139-unit multi-family residential project. The funding covers interest reserves and the settlement of existing debts and preferred equity.

In the United Kingdom, several significant transactions were finalized:

• Precise, part of OSB Group, completed a £550,000 bridging loan in just three days for an auction purchase in South West London.

• Butterfield Mortgages Limited closed a £4.5 million buy-to-let financing deal for two properties in central London with a total value of £7 million, utilizing a conservative 65% loan-to-value ratio.

• Shawbrook provided £37.5 million in development financing for the Birley Grange residential project in Shenfield, Essex, which consists of ten housing units.