Great Portland Estates has secured a £90m five-year loan for the Great Ropemaker Partnership on 200 and 214 Gray’s Inn Road, WC1.
The loan from RBS and Crédit Agricole CIB refinances an existing £73m bank loan arranged in 2011 and is scheduled to expire in December 2020.
It comes with an initial loan-to-value ratio of approximately 41% and an all-in coupon of 2.67% for the duration of the loan, below the 4.52% coupon of the previous loan.
