Blemain Group to raise GBP 200m of high yield bonds

Jerrold Holdings is seeking to raise £200 million of high-yield bonds to increase its funding lines. Jerrold Holdings, the holding company of Blemain Group, is set to raise £200 million worth of capital via five-year senior secured notes. Within the lending syndicate, Royal Bank of Scotland Group Plc, Lloyds Banking Group Plc and Jefferies Group

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Standard Life enters Commercial Mortgage market with 250m fund

Standard Life Investments has entered the commercial real estate debt market for the first time with a £250 million pot to invest. The group has a segregated mandate on behalf of its parent Standard Life Assurance to spend the money on high-quality secured loans in the UK market, the company stated. The real estate and

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Prime property sales and lettings in London remain strong, when newly refurbished

Prime property sales and lettings in London were stronger than expected last month but poorer quality properties are not moving, the latest estate agent report from W.A. Ellis suggests. The agent experienced a stronger month with multiple sales but it warns that stock levels remain low, particularly in the below £2 million property sector and

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Alexander McQueens Mayfair property goes on sale

Three years after the influential London designer committed suicide, the property that Lee Alexander McQueen had planned to renovate and live in is ready to go on sale. The Mayfair property that Alexander McQueen was planning to renovate and call home is set to hit the property market three years after the designer took his

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Lending at Shawbrook passes GBP 1 billion mark

New bank Shawbrook Bank has exceeded £1 billion in lending to small and medium-sized enterprises (SMEs) and individual customers in the UK since its launch in 2011. The challenger bank has now lent £766m to SMEs and nearly £369m to personal customers. Shawbrook, which broke even after 16 months of trading, cited its network of

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Secured lending forecast to beat 2012 total by September

The Secured Loan Index today reported that secured lending in 2013 will, by mid-September, surpass the total lending volume for 2012. Despite the first significant drop in month-on-month lending seen this year, August 2013 shows a monthly, year-on-year increase of 15.60% compared to August 2012, which stood at £34,675,253. Secured loans have now become a recognised

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UK property market not overheating

Just 2% of consumers fear that the housing market is overheating though most believe conditions are improving, the latest BSA Property Tracker report reveals. When asked what one word they would use to describe the housing market now, one in five people said ‘recovering’. A further fifth said that the market is ‘stable’ and just

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Dragonfly and Capital A Finance bail out Co-Op

A bridging lender has bailed out a struggling high street bank with a £62.5 million bridging loan, secured against a £100 million portfolio of prime London property. Dragonfly Property Finance, alongside Capital A Finance, has written a £62.5 million bridging facility for the Co-operative Bank, which was looking to refinance a called-in debt. This landmark

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Dragonfly bridge-to-let product for property developers

Dragonfly launched the hybrid bridge-to-let product, which combines a bridging loan and medium term loan into one product. The product is a two or three-year fixed rate product with an initial seven-month bridge period built in. Borrowers can either redeem the loan free of penalties within the seven-month bridge period, or they can seamlessly move

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NACFB: Lending to SMEs grows for fourth year running

Short-term lending by members of the NACFB topped half a billion for the first time according to the annual survey of its members. The survey also found: • Overall lending to businesses was up by over 16% • There is real tangible evidence of the effect of peer-to-peer lending to SMEs • There was over

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