Winner of Debt Advisor of the Year in the Real Estate Capital 2017 Awards London:
  • Finance:

    Office to Residential

  • Loan Amount:

    £10m

  • Year:

    2016

  • Client:

    UK Propco

  • Acquisition facility required for an office building with c. 2 years of income remaining.
  • The client’s intention is to convert the property into residential accommodation under Permitted Development.
  • A complex ownership structure with a number of offshore entities was involved.
  • We were tasked to structure a facility with a loan term in line with the current lease expiry so the lender needed to understand and take a view on the conversion potential.
  • A competitively priced facility, at 65% LTV on a medium term basis was arranged within a tight timescale.