Sanctuary loans £50m to Swan

By Emily Twinch2022-11-21T11:56:00

The £50m loan replaces loan originally made by Orbit and comes ahead of planned merger on 30 November

Sanctuary has provided a £50m secured loan to the troubled housing association Swan ahead of the organisations’ potential merger at the end of this month.

The loan from Sanctuary Affordable Housing Limited, an arm of the 105,000-home housing association, refinances that advanced by the Orbit Group made this year.

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