Pricoa Mortgage Capital has provided £32.4m to Fizzy Living for a private rented sector portfolio.
The 10-year fixed rate loan is secured against four PRS properties with a total of 246 flats in Stepney Green, E1; Canning Town, E16; Poplar, E14, and Epsom, Surrey.
Drew Abernethy, head of European originations for Pricoa Mortgage Capital, said: “Multi-family is a preferred property type of Pricoa Mortgage Capital in the US and we are excited to support the growth of the burgeoning PRS in the UK. For the foreseeable future, our appetite for portfolios like this one is likely to exceed the supply.”
