Edwin Coe advises real estate investment company on £66.4m loan

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.

Edwin Coe’s team included Clayton Beerman, and Stephen Brower. The team  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.”