During the period from 31st October to 30th November 2018, the specialist residential development finance and asset management company took its total lending commitments since its IPO to around £340m.
The loans cover development projects across the country, including Chelmsford, Brentwood, Horley and Luton.
- Urban Exposure closes three loans worth £104m
- Urban Exposure looks to raise £150m in IPO
- Octopus to provide £12.6m loan to support east London PDR project
Since its IPO, Urban Exposure has committed to the funding of projects representing the construction of 1,531 residential units – of which 208 are affordable housing – and 45,000 sq ft of commercial real estate, which includes office space, retail and a hotel.
The returns on the new loans remain in line with expectations at IPO.
Randeesh Sandhu, CEO at Urban Exposure (pictured above), said: “We’re pleased to have successfully closed new loans totalling £110m during November, which cover development projects across the country.
“This brings our total lending commitments since our IPO in May earlier this year to [around] £340m.”
Urban Exposure is currently working on a number of other new loans, which it expects to close by the end of the year.