This client was seeking finance for their first consented site; they wanted to raise the debt facility to help build out a 291-unit mixed-use scheme, with a green ESG and focus.
Alongside their significant leverage requirements, the client did not want to provide any form of guarantee, neither corporate or personal.
The lender initially offered a rate of 7.45% but on the strength of the business proposal submitted by Sirius, emphasising the robustness of the scheme and the sponsor, a rate below 7% was achieved for the client.
Despite numerous hurdles, the case was completed 12 weeks from submission.