FINACNE: Lloyds Bank Commercial Banking has made a four-year, £70m development loan to a Quintain Estates and Keystone Developers joint venture.
The loan is being used for the development of 475 homes at Wembley Park, London.
Construction at the site, which will include 143 private rented homes that will be managed by Quintain, is expected to be complete by 2016.
Richard Heath, head of listed clients for commercial real estate at Lloyds Bank Commercial Banking, said: “We want to support many more schemes like this not just in the capital but elsewhere in the UK too.”
