MTVH lands £250M NatWest package to fund 6,000 new homes
What's the deal? Affordable and social housing provider Metropolitan Thames Valley Housing (MTVH) has secured a £250m debt package from NatWestDealroom has a profile for this one. Try Dealroom → to support the delivery of new homes and community initiatives.
How it's structured: The package comprises a 10-year term loan and a three-year revolving credit facility. MTVH has used it to refinance existing debt and add capital for new homes and its long-term business plan.
What's the endgame? MTVH aims to deliver 6,000 new homes under its MTVH 2030 strategy. It currently has around 4,000 homes on site across its development programme.
Why it matters: Chief financial officer Duncan Brown said the deal follows “a record year for development at MTVH” and strengthens its ability “to deliver the affordable homes the country needs while continuing to invest in our existing homes.”
John Horton, relationship director at NatWest, said MTVH “has a strong track record of delivering for its residents and communities.” He added that access to affordable housing means “local people have a secure, safe space they can call home.”
The signal: At £250m, the package ranks among the larger debt deals in UK real estate, sitting in roughly the 92nd percentile across 299 comparable rounds. It reflects continued lender appetite for social housing at a time of acute demand for affordable homes.
Read more: BeNews
Image credit: Alex Pepperhill
