Lloyds Bank’s commercial real estate unit provided more than £7.4bn in funding in 2014, according to figures from the company.
The figure represents an 8% rise on the previous year and covers both the SME commercial property portfolio and the commercial real estate teams.
Standout transactions from the portfolio were Intu Properties’ £600m revolving credit facility, another revolving credit facility for Great Portland Estate for £450m and a five-year debt facility for British Land of £785m.
Lloyds last year also increased its use of the distribution model, placing debt and increasing provision from alternative sources such as private placements and CMBS.
The bank predicts that lending opportunities will see total lending increasing during 2015, particularly to SMEs.
