The client required a re-finance to exit an existing lender arrangement and then further funds to complete the build of a part permitted development and part new build scheme of 145 flats . Sirius secured £15.5m of senior debt comprising a dual facility; the majority of the debt on a 2-year development exit loan with no ERC’s, plus an improvement loan to complete the additional block. Mezzanine debt of £2.8m arranged to assist senior loan until practical completion of entire scheme.
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Sirius Property Finance Group LTD is an Appointed Representative of Bright Star Financial Limited. Our Financial Services Register number is 813945. Bright Star Financial Limited is authorised and regulated by the Financial Conduct Authority. Their Financial Services Register number is 712700. You can check this on the Financial Services Register by visiting the FCA's website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768. Sirius Property Finance Group. Registered office: 7 Woodbrook Crescent, Billericay, Essex, CM12 0EQ. Registered in England and Wales. Company no: 10132820