Wednesday, August 12, 2015
August 2015 - Arhag arranges a £10Million loan with Royal Bank of Scotland
Earlier in the summer, Arhag completed a £10Million loan deal with the Royal Bank of Scotland (RBS). The majority of the loan has been used to acquire 85 homes from another Housing Association.
Cornelius Sanwo, Arhag’s Head of Finance commented;
“We are very pleased to have struck this deal with RBS. It enables us to diversify our loan portfolio and fix the loan interest over the longer term: This provides greater certainty and the benefit of historically low interest rates”.