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Urban Exposure halts new lending amid potential sale of loan book amid Covid-19 crisis

The lender will focus entirely on the management of its existing loan portfolio to maturity
The development finance provider is exploring "numerous possibilities" for the potential sale of its loan book. Caption: iStock
The development finance provider is exploring "numerous possibilities" for the potential sale of its loan book. Caption: iStock
By Alicia Villegas
CoStar News
May 5, 2020 | 8:14 AM

Urban Exposure will not enter into any new lending opportunities for the foreseeable future, given the potential sale of its loan book and the market uncertainty created by Covid-19, the development finance provider said in an announcement.

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