Starwood has hailed a “robust” second quarter with all loans and interest paid in full and on time.
The real estate lender said that its £420m loan portfolio was continuing to perform in line with expectations, despite disruption caused by the pandemic. It added that while much of its investment – 40% – is in hotels, many of those had been closed until the summer for refurbishment and so had been only lightly touched by the pandemic.
Starwood currently has 43.3% of loans invested in the UK and 56.7% in the EU.
