The loan is in addition to the £165m loan-on-loan facility from UBS to the JV announced by Urban Exposure last month.
The facility is in line with the company’s strategy to expand its asset management division and will be used for a specific single transaction in the UK development financing JV.
- Urban Exposure closes £110m of new lending during November
- Urban Exposure expects to close £530m of loans by end of 2018
- Aviva Investors to forward fund Manchester's Eleven York Street
Urban Exposure also reported that its committed new lending at the end of 2018 was £522m, following its admission to AIM on 9th May 2018.
In December, Urban Exposure announced that it made a pre-tax loss of £3.1m for the period between 10th April 2018 and 30th September 2018.
Pictured above: Randeesh Sandhu, CEO at Urban Exposure.