London:
  • Asset:

    London Portfolio

  • Loan Amount:

    £56m

  • Year:

    2020

  • Client:

    Private propco

  • Refinancing of a mixed portfolio of 3 investment assets in London comprising a combination of office, student and residential uses
  • We were tasked with refinancing the existing senior facility (from a UK bank) and junior facility (from Nuveen) and to release further capital to fund activity elsewhere in the group.
  • We explored both senior/mezz and whole loan solutions and after a competitive process we settled on the latter, having received a compelling offer from a UK based debt fund.
  • The facility was closed during the week before lockdown was announced in the UK.