Cain International
Loan Size
£37M, £85M ($163M)
Sponsor
Galliard Homes
Asset Class
Residential
Size
2.5-acre site; 430,000 sq. ft. development; 901 units
In 2014 Cain International (then Cain Hoy Enterprises, ‘Cain’) provided a £37M acquisition facility to Galliard Homes for a residential-led development and ancillary commercial space, just south of Canary Wharf.
In 2016 Cain then followed this by providing a £85M loan in development financing for the scheme.
351 units were forward-sold to Greystar as a PRS block, and a 253-unit social housing block was forward-sold to an affordable housing operator. The loan then funded the cost of the 297 private units remaining of which 76% of those were pre-sold.
The loan was fully repaid in 2020.
