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Asset:
Regional BTR
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Loan Amount:
£39m
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Year:
2021
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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