Development Finance for Prelet Budget Hotel Greater London (1573)
Our client is seeking development finance for a hotel prelet to a blue chip budget operator in greater London on a 25 year FRI lease. Strong economics, very experienced developer.
Key Points
- total costs £5.8M
- GDV £7.65M
- Yield: 6.8%
- 24% ROC
Requirement
£5.3M+ senior debt
Contact Details
Please contact James Thomlinson or Bernard Frazer on 0845 210 5000 to discuss further or by email at james@redchilli.com or bernard@redchilli.com
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You’re currently reading “Development Finance for Prelet Budget Hotel Greater London (1573),” an entry on finance.redchilli.com
- Published:
- Thursday, November 20th, 2008 at 8:50 pm
- Author:
- rcadmin
- Category:
- Senior Debt Requirements
- Tags:
- blue chip, developer, Development Finance, London, senior debt, UK
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