Related Argent has secured an £85m loan from NatWest to refinance its Author King’s Cross build-to-rent (BTR) development in London.
The loan is structured over a three-year term and is the first investment loan for Related Argent’s rental portfolio.
Tom Goodall, chief executive of Related Argent said: “We are delighted to have secured a long-term investment loan for Author King’s Cross, Related Argent’s inaugural build-to-rent development. We have a longstanding relationship with NatWest and its reputation as a trusted lending partner has allowed us to complete the loan quickly and efficiently.
“Over the last 15 years, King’s Cross has become one of the most compelling, interesting and desirable places to live, work, study and visit in London, making it the ideal investment proposition and destination.”
Mark Pope, relationship director at NatWest Group, added: “We’re happy to continue our support for Related Argent by providing an £85m investment facility on its first completed build-to-rent scheme. NatWest has a long-standing relationship with Related Argent, supporting it in delivering a range of housing across various schemes. This facility demonstrates the bank’s firm commitment to maintaining the highest standards in the residential market and marks a major milestone in our ongoing support.”
