Curlew Capital and Lloyds Bank have completed a ‘rebadge’ of the existing Lloyds facility to a Green Term Loan to support three of Curlew’s PBSA schemes located in Brighton, Bath and Bermondsey.
The facility will now qualify as a Green Commercial Mortgage product on the basis that a BREEAM Excellent rating was achieved for the Brighton development and an EPC ‘A’ rating for both Bath and Bermondsey.
Curlew’s CST2 fund will benefit from a margin discount on the Investment Margin as a result of the Green Term Loan. Curlew previously completed a similar agreement with Barclay’s Bank relating to 4 other PBSA assets under management.
Curlew’s Managing Director, Charlie Oliver said ‘We are very pleased to have completed another agreement that benefits our investment partners from responsible development and investment’.