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Asset:
PRS Tower, Battersea
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Loan Amount:
£25m
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Year:
2020
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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!
