Edwin Coe is pleased to announce that it has advised Interland in relation to a £66.4m investment property loan provided by Secure Trust Bank, secured against its Greater London residential portfolio. The five-year loan enabled Interland to refinance an existing £42.2m loan with Secure Trust Bank with additional funding provided of £24.2m to enable Interland to repay its indebtedness with other lenders.
Founded in 1985, Interland is a private real estate and renewable energy investment group which owns, develops, and operates assets in the United Kingdom, Netherlands and Belgium. Interland’s wide-ranging portfolio includes private rented sector, social and council housing, student accommodations, hotels, youth hostels, offices as well as investments into energy storage.
Real Estate Finance Partner James Walton led Edwin Coe’s team, alongside Clayton Beerman, David Johnson and Stephen Brower, and commented “We are delighted to complete this transaction successfully for Interland, which will enable the group to reduce its overall cost of debt, and achieve its strategic and financial goals.”
About Edwin Coe
Edwin Coe LLP is a full service law firm based in the heart of London’s historic legal district in Lincoln’s Inn. Founded in 1913, we have grown from our litigation origins to become a thriving and dynamic practice, providing a comprehensive range of legal services to meet the needs of a wide variety of businesses, individuals and organisations based throughout the UK and internationally.
With 43 Partners, we are ranked 115 in the 2022 edition of The Lawyer ‘UK 200’ law firms and are recommended in all the major legal directories. We provide clients with innovative, tailored and integrated legal services and combine a highly personal and responsive service with industry leading expertise.