Charterhouse secures £18m funding deal with Metro Bank

Metro Bank has provided Charterhouse Property Holdings with £18m in funding to refinance their portfolio of student and key worker accommodation on the South Coast.

The company currently lets over 250 units of student and keyworker accommodation in the Hastings area.

Patrick Hanlon, director at Charterhouse said: “Charterhouse required a banking partner to assist us with the rationalisation of our mortgage lending for the commercial element of our portfolio. Following a strategic review, we agreed terms with Metro Bank to provide an £18,000,000 facility, which would encompass all of these properties and simplify our banking structures moving forward.”

Voltaire Financial advised Charterhouse.

Related Articles

Have your say

Sign in to make a comment on this story.

Sign In

Text size

Desktop Site | Mobile Site