Joint Venture
Development

Development consisting of seven apartments and seven houses in Middlesex

Loan Amount

£3.15 million

structure

Joint Venture Equity
Stretch Senior

asset class

Residential

Sirius was approached by a developer looking to fund the acquisition and development of scheme comprised of 7 apartments and 7 houses. The site was to be acquired through acquisition thus presenting a tight 6 week deadline for the purchase for which we were able to meet. The oversees client had limited experience but Sirius secured 11% of the funding via a credible Joint Venture partner and the remainder via a reputable specialist lender providing 100% of the total costs.

Advisor

Manoj Manoj Chitroda Senior Associate, Structured Finance contact details 0208 092 4411
07958 335 781
manoj.chitroda@siriusfinance.co.uk
Manoj came on board in 2017, having previously held advisory roles at SPF Private Client and Santander Corporate Bank, as well as being a founding member of Weslley Finance. Since joining, Manoj has delivered an exceptional volume of development, bridging and commercial term loans for Sirius clients. Notable deals including a 328-unit student accommodation scheme, substantial care home development and multiple large equity developments.

During his 16 years in property, Manoj, a firm believer that knowledge is power, has achieved CeMAP, CeCM and BSE hons qualifications - providing him with a solid base from which to advise clients.

He is passionate about relationship building but equally as devout to being time efficient and this is a combination that sees clients return time and time again to utilise Manoj’s expertise.

To discuss an opportunity with our team please get in touch.

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