Wilson Nesbitt Advises Radius on Landmark £20m Social Rent Loan

Wilson Nesbit is pleased to have advised Radius Housing on its £20 million social rent loan from Ulster Bank, supporting the delivery of additional affordable housing across Northern Ireland.

The transaction marks an important milestone for the sector, with Radius becoming the first housing association in Northern Ireland to complete a transaction with Ulster Bank under NatWest Group’s £1 billion Social Rent Loan Fund.

The funding will support the development of new affordable homes while helping Radius continue its commitment to delivering sustainable communities across Northern Ireland.

Commenting on the transaction, lead partner on the project Drew Nesbitt said:

“This transaction demonstrates the increasingly important role that innovative funding structures play in delivering much-needed social housing across Northern Ireland. As legal advisers to Radius, we were delighted to support a transaction that not only enables further investment into affordable homes, but also contributes to stronger, more sustainable communities. As housing needs continue to grow, we expect innovative funding solutions to play an increasingly important role in supporting housing associations to deliver new homes and create lasting social impact.”

Congratulations to Radius and Ulster Bank on completing this significant transaction, which represents another positive step towards increasing the supply of affordable housing across Northern Ireland.