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TODAY'S OTHER NEWS

Castle Trust increases Development Finance offering

Castle Trust Capital has introduced a number of changes to its Development Finance offering and doubled its maximum loan size.

The lending company now offers up to £20 million on loans up to 65% gross development value (GDV), with maximum GDV increased from 70% to 75% for loans up to £15 million.

Castle Trust has also launched a Mezzanine Finance offering, with loans available up to £5 million on schemes of up to £50 million.

Nick Oakley, director of structured finance at Castle Trust Capital, said: “We are delighted with the way our portfolio has been developing since our launch last year, and this means that we are able to expand our offering on the back of an established book.”

He added: “We now have a full suite of senior and mezzanine finance options for experienced developers who want to maximise their returns through the efficient use of capital.”

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