London Wall Lending sets £1bn lending target after passing funding milestone
London Wall Lending, has surpassed a new lending milestone, having supplied over £500m development funding for projects across the UK. This was achieved following recent deal completions, driven by the implementation of a new growth strategy with a wider focus across commercial and living sectors, and loan sizes of £25m to £80m.
Loan completions over the summer included a £46.6m loan facility for the construction of a 457-bedroom student accommodation development in Salford, and a £22.2m refinancing package to support the refurbishment of Cardiff’s 1 Callaghan Square.
London Wall has now set its sights on passing the £1bn funding mark by the end of 2023, driven by the injection of additional capital from existing and new institutional funders alongside opportunities presented by current market conditions, including a focus on ESG-related investments.
Ned El-Imad, Partner at London Wall Lending, said: “Despite the difficult operating conditions at present, the market remains underpinned by strong fundamentals. Through the work of our experienced underwriting team, we have successfully managed to implement our growth strategy while navigating this shifting market landscape.
“The past 12 months has seen the firm go from strength to strength, and we’re looking forward to building on this platform to provide further support for a range of exciting projects across the UK, and the opportunities in the current lending market.”