Pricoa Mortgage Capital has closed a €212 mln (£155 mln) partial refinancing of Access Self Storage Limited on behalf of Enddora Holdings Limited and Birchal Limited Partnership. Pricoa Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU), which is headquartered in the US, and is one of the largest commercial mortgage lenders in the United States.
The fixed rate loan, with a term of more than 10 years, is secured by a portfolio of properties located in Greater London, the Midlands and the South.
“Access Self Storage is a recognisable brand within the self storage landscape, which continues to expand its presence within Greater London and the UK. Pricoa Mortgage Capital was able to offer Enddora Holdings Limited and Birchal Limited Partnership a long term loan whilst providing sufficient structural flexibility that allows the team to execute their business plan unhindered” said Aaron Knight, director of European originations at Pricoa Mortgage Capital.
Source: Pricoa Mortgage Capital
