• Asset:

    Provincial Department Store

  • Loan Amount:


  • Year:


  • Client:

    Overseas Family Office

  • An overseas based family office purchased a department store in the Midlands let to a well-known British retailer with a long unexpired lease term.
  • A considerable amount of due diligence was undertaken to demonstrate that strong property fundamentals outweighed concerns regarding the tenant covenant.
  • A complex ownership structure also presented numerous challenges.
  • We delivered a 60% LTV interest only facility, on a 5 year term, at a very competitive margin.