Our client developed 2 purpose-built student accommodation blocks in Zones 2 & 3 comprising of a total of 146 beds.
Due to a number of unforeseen delays during the build, both schemes were late reaching Practical Completion and consequently missed the start of the academic year.
Under pressure from the development lender, we secured a 5 year loan to refinance the debt. It was structured in a way which allowed sufficient surplus income to be used towards managing and operating the site, which enabled them to fully let, stabilise and maximise the profitability of their assets.
We were instructed to raise finance against an unencumbered mixed use commercial portfolio, comprising of leisure, office, and automotive assets.
Acting on behalf of an overseas investor with a complex offshore structure, we were tasked with securing a long term, competitively priced fixed rate facility.
By targeting the most appropriate lenders at the outset, we were able to efficiently source and structure a bespoke, 7 year loan on an extremely competitive all-in fixed rate. This provided our client with a strong annual surplus cashflow, long term certainty with their interest payments and the release of capital for future acquisitions.
We were approached by experienced developers to refinance their expensive loan facility, which was secured against a recently completed Prime Central London residential scheme comprising of 5 high end luxurious apartments.
The client required a cheaper, more flexible facility to provide them time to dispose of the units and maximise the values achieved.
We structured an attractive 18-month loan that allowed them to recoup part of their initial investment as well as enabling them to retain a portion of equity from each sale.
On behalf of a private UK Investor we were instructed to refinance a large residential portfolio spread across Zone 2, 3 and 4.
This portfolio comprised of 1, 2 and 3 bed flats, let on a mix of ASTs, licenses and long leases to Housing Associations.
The investor’s requirement was to raise sufficient debt to refinance their existing loan and release equity to reinvest and grow their portfolio.
Despite the fragmented and management intensive nature of this portfolio, we were able to secure a highly leveraged, fixed rate, interest only facility to support their business plan going forward.
We were introduced to an overseas investor who had exchanged on an asset which comprised of income producing retail on the ground floor and c.60,000 sqft of vacant office space, with outline planning for c.80 residential units.
They had negotiated a discounted purchase price and were looking to raise the full acquisition cost whilst completing the transaction within an extremely tight timeframe.
We immediately targeted and engaged with a short-term lender who we knew could perform and presented this asset alongside another unencumbered property owned by the borrower.
We were able to arrange a short-term loan secured against both these assets which covered 100% of the purchase price and closed the deal within the deadline required.
We secured a highly leveraged development loan on behalf of our client who was embarking on their first project outside of London.
The property was a landmark building in a prime location within the home county of Berkshire and had planning for 3 x A3 units on the ground floor and 33 flats on the upper floors. The scheme comprised of ground up development, extensions and refurbishment.
There were a number of challenges and complexities with the site and plans, so we knew we had to work with a lender who really understood development and could be flexible and commercial in their approach.
We were instructed to arrange a 5-year interest-only acquisition loan at c.60% LTV, on behalf of an overseas Family Office, raising finance in the UK for the first time.
The commercial office building, located in Zone 1, was single let with only 5 years unexpired.
We introduced the deal and borrower to a private bank and were able to structure a facility in line with our client’s requirements and drawdown the loan within the tight completion timeframe.
Acting on behalf of an existing client we were instructed to source development finance within a very tight timeframe, to assist with the acquisition and build of a 28-unit scheme.
The scheme involved the part demolition of an existing mixed-use building, an extension to the rear and a ground up scheme to the side, to create 28 residential flats with commercial across the ground floor.
We approached a lender who we have a strong relationship with having worked closely with them for many years and knew could deliver on time. We obtained credit approved terms in line with our clients requirements and had the loan ready to draw in time for the contractual completion date.
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