By BFN News | 07:18 AM | Tuesday 23 December, 2014
ICG-Longbow Senior Secured UK Property Debt Investments has completed a new transaction with a £1.75m million loan to First Light Properties Limited. The loan has a maturity date of January 2019 and is fully compliant with the parameters set out in the prospectus. The loan is secured by a first and only charge against 14 residential units all let on Assured Shorthold Tenancies located in Greater London. This transaction reinvests the majority of cash held following part repayments on existing loans. This new loan is return accretive to shareholders as the prior part repayments had been protected by prepayment penalties. Story provided by StockMarketWire.
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