Structured

Multi unit
development funding

145 apartment scheme

Loan Amount

£18.3 million

structure

Senior mezzanine

asset class

Residential

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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Contact

Sirius Property Finance Group Ltd | Registered in England and Wales No. 10132820
Registered Address: 7 Woodbrook Crescent, Billericay, England, CM12 0EQ
Sirius Property Finance Group Ltd is an Appointed Representative of Bright Star Financial Ltd which is Authorised and regulated by the Financial Conduct Authority.
We are entered on the Financial Services Register No 813945 at https://register.fca.org.uk/.
The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK
Should you have cause to complain, and you are not satisfied with our response to your complaint you may be able to refer it to the Financial Ombudsman Service, which can be contacted as follows: The Financial Ombudsman Service, Exchange Tower, London, E14 9SR
Tel: 0800 023 4567 or 0300 123 9 123 | www.financial-ombudsman.org.uk

Sirius Property Finance

T_ 020 8092 4444
E_ info@siriusfinance.co.uk

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