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Lloyds Bank underwrites £147m Parkgate whole loan and sells mezzanine strip

Lloyds Bank has underwritten its first mezzanine loan since the completion of its workout and sell off of legacy lending as part of a £147m five-year whole loan to finance BMO Real Estate Partners’ (BMO) £175m acquisition of Parkgate Shopping Park in Rotherham.
By James Wallace
September 22, 2015 | 7:00 P.M.

BMO acquired Parkgate Shopping Park, one of the top five largest retail parks in the UK, from the Hercules Unit Trust (HUT) last month.

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