Legal & General’s property arm has provided a £220m 10-year loan to Secure Income REIT – its first third-party client transaction alongside its annuity fund.
The financing is secured against a portfolio of nine UK private hospitals let to the Ramsay Group.
L&G lending manager Steve Boyle said: “We are delighted to form part of what was a large refinancing project with Secure Income REIT, particularly as it has enabled L&G to continue to expand its role in supporting the UK’s social infrastructure.”
