Distressed Residential Development Super Prime London (1578)

Our client is in the process of completing a super prime residential project in London. The lender is now in distress and is no longer in a position to complete the funding. The project is on time and on budget, 8 months away from completion. There is an opportunity to either refinance the existing lender at a discount or to place a mezzanine on top to complete the project.

Key Points

• £4M (mezzanine) or £17M full refinance
• GDV £50M
• LTC 34%
• 22,000 square feet

Requirement

Contact Details

Please contact Tim Mycock or Bernard Frazer on 0845 210 5000 to discuss further or by email at tim@redchilli.com or bernard@redchilli.com

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