London:
  • Finance:

    PRS Tower, Battersea

  • Loan Amount:

    £25m

  • Year:

    2020

  • Client:

    Private Equity

  • Client had acquired this newly built asset in cash and instructed us to arrange a term facility to repay its shareholder loans.
  • The property, located in Battersea, comprises 45 high end apartments with ground floor commercial units.
  • Units were in the process of being let and lender was required to take a view on the letting of the remaining vacant space.
  • Following a highly competitive process we secured a very attractive facility from a bank.
  • Closing the financing during lockdown made the completion all the more satisfying for all parties involved!