Development Finance for prelet Hotel UK (1571)
Very experienced developer is seeking senior debt finance for development of a hotel pre-let on a 35 year FRI RPI indexed lease to a solid hotel operator.
Key Points
- development costs: £22.9M
- year 1 income: £1.6M
- 35 year lease (25 year break) - RPI indexed
Requirement
Senior Debt 90% LTC
Contact Details
Please contact Theo Tilev or Bernard Frazer on 0845 210 5000 to discuss further or by email at theo@redchilli.com or bernard@redchilli.com
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About this article
You’re currently reading “Development Finance for prelet Hotel UK (1571),” an entry on finance.redchilli.com
- Published:
- Thursday, November 20th, 2008 at 8:48 pm
- Author:
- rcadmin
- Category:
- Mezzanine Requirements, Senior Debt Requirements
- Tags:
- developer, Development Finance, hotel, senior debt, UK
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