£24m Loan deal with Mayfair Capital's pitch fund

Canada Life Investments and Mayfair Capital Investment Management can annouce the completion of a second loan of £24m for a seven year facility to the Property Income Trust for Charities (PITCH)

This brings Canada Life Investments total loans to the fund to £50m following the first £26m five year facility in August 2013. The two facilites are secured by a mixed 13 property portfolio of office, retail and industrial assets across the UK and a weighted average unexpired lease term of more than 10 years. 

Both interest only fixed rate loans were drawn at around 50% LTV. 

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