In House extends loan by £10m with Dunfermline
2 May 2008 12:06
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In House, the publicly listed Warington-based residential investor, today announce that it had agreed a new £10m loan facility with the Dunfermline Building Society.
The company told the London Stock Exchange: "This money will be used for the acquisition of property portfolios by the company. Indeed, £2.9m has already been used to finance the acquisition of the Berrymount Portfolio as announced on 13 March 2008.
"The new facility is for a 3 year term from drawdown and is on an interest only basis. This brings the total facility available to the company from the Dunfermline Building Society to £20 million (although £12m has already been utilised in the purchase of properties)."
