Aviva investors Real Estate Finance has provided a £25 million Facility, over 10 years, to Property Income Trust for Charities (PITCH), a property fund managed by Mayfair Capital.
This is secured against a diverse portfolio of good quality regional assets.
Gregor Bamert, Head of Origination at Aviva Investors Real Estate Finance said:
"We are delighted to be building a relationship with Mayfair Capital and supporting the long term orientation of the PITCH fund with a 10 year facility. This loan demonstrates the continued attraction of fixed rate borrowing in a low interest rate environment.”
Simon Martindale, Fund Manager of Pitch said:
“We are delighted to have secured fixed, long-term financing from Aviva, who were the obvious lending partner for the Fund based on its low cost of capital and user-friendly approach. We look forward to building on the relationship in the years ahead.”