London Wall Lending has announced its charitable partnership with MCR Property Group which includes a £160,000 donation to kick off the pairs’ collaborative project. The funds have been mutually formed from an exit fee on a recent loan facility, in relation to a development, which is to be delivered by MCR Property Group.
Enabled by the companies’ strong working-relationship, both parties have agreed to partially reduce the loan exit fee by £100,000 as part of this major charitable donation. Distributed across 15 charities close to the hearts of both organisations, the exit fee will contribute to helping people in urgent need across both the UK and Pakistan and the Lebanon.
A major part of the donation has been split across charities that provide aid and relief in Pakistan following the devastating floods this year. 33 million people in Pakistan are being affected by what has been called the ‘most severe flooding in the country’s recent history’.
Funds will also be provided to support children living across the UK and globally tackling a multitude of issues from mental health to food poverty. The support will ensure that provision will be made for children with SEND needs and improved literacy will be delivered to support vulnerable children.
A contribution has also been allocated to facilitate much needed healthcare and support for the elderly in the Lebanon as a result of the terror attack in Beirut in 2020.
A donation is also gifted to We Love MCR, a Manchester-based charity specified by MCR Property Group which supports local communities and young people. Ged Carter, Director, We Love MCR charity, said: “We support ambitious young Mancunians to succeed and I am delighted to receive this amazing donation from London Wall and MCR Property. We will use it to transform lives of young people from disadvantaged backgrounds”.
Ned El-Imad, Partner & Co-founder of London Wall Lending, said: “Our excellent relationship with MCR Property Group has enabled us to make this charitable donation using what we hope is a figure that will make a considerable difference. We would like to thank MCR Property Group’s consideration and help enable this fantastic opportunity to raise £160,000 for charitable causes that mean a great deal both teams.”
Aneel Mussarat, CEO & Founder of MCR Property Group added: “As a business we have always helped support fundraising initiatives and have made many donations to great causes over the years. We hope this unique settlement with London Wall Lending will encourage more real estate and lending organisations to participate in similar charity projects and help those in need.”
MCR Property Group is a real estate investment and development company, focused on the strategic acquisition and repositioning of commercial, residential, industrial, and retail assets across the UK.
London Wall Lending is an alternative lender, specialising in development loans across the spectrum of asset classes in the real estate sector. Part of the London Wall Group, the firm is backed by multiple syndication partners, family offices and institutional investors.
The collaboration and established relationship between MCR Property Group and London Wall Lending aims to continue charitable projects.