Triple Point Social Housing has raised £195m from MetLife and Barings.
The loan notes, which have a weighted term average of 13 years and a weighted average rate of 2.6%, will be used by the social housing REIT to refinance it existing loan facility.
The company currently has £130m drawn from a £160m facility provided by Lloyds and NatWest.
The additional £65m will be used to buy more income-producing supported housing properties from the group’s £150m pipeline.
The loans are secured against its £390m portfolio, representing a 50% loan to value.
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