Apache Capital Partners has secured a new four-year £58.5 million ($76.9 million) senior debt facility, with an option to extend for two years, with LaSalle Investment Management.
The senior debt financing, which is secured on The Lexington, Liverpool at Princes Dock, was provided through the LaSalle Residential Finance III (LRF III) fund.
Apache Capital and its development partner Moda’s £90 million ($118 million) build-to-rent development scheme, The Lexington, will reach practical completion in second half 2021 and represents one of the biggest single investments into Liverpool’s property market over the past few years.
The Lexington, the tallest residential landmark in the city’s Liverpool Waters area and one of the city’s largest residential schemes, is a 34-story, 325-apartment, high-specification landmark development scheme that forms part of Peel Group’s £5.5 billion ($7.2 billion) Liverpool Waters regeneration masterplan. The Lexington will
