Mezzanine and Equity Requirement - Retail Property (1630)

Mezzanine/ equity required for a retail park in the South West of England. The park is fully let and has number of anchor tenants, who are good covenants.

Key Points

• Puchase Price £11m
• 51,400 sq ft
• Senior debt £6.6m (60% LTV)
• Mezzanine / equity Requirement: £1.65m (75% LTV)
• Rent roll £940k
• Average unexpired term of the leases is 14 years.
• FR&I leases upward only reviews every 5 years

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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