London:
  • Asset:

    Regional BTR

  • Loan Amount:

    £39m

  • Year:

    2021

  • Client:

    Private Equity

  • Central location within northern City consented for 365 units
  • Limited comparable evidence due to only one other PRS scheme in the City
  • We were mandated to arrange a construction loan with an committed investment period and commensurate margin step-down upon PC and stabilisation
  • Despite the macro challenges at the time, the process was very competitive given quality of scheme and sponsor and allowed us to deliver extremely competitive commercial terms