29th Jan 2019 14:31
LONDON (Alliance News) - Residential Secure Income PLC on Tuesday said it signed a GBP14.5 million debt facility, secured against 289 units in its local authority housing portfolio.
The company, which invests in residential assets, said it will use the funds to cover future acquisitions, predominantly in the shared ownership sector.
The facility has a three-year term and a margin of 1.50%.
Shares in the firm were trading down 0.2% at 90.00 pence each on Tuesday.
Related Shares:
Residential Sec