Senior and Mezzanine Finance - Midlands Property (1625)

There is an opportunity to fund a large retail distribution centre in the Midlands. The building is 4 years old and has a AAA covenant. Our client is looking for the maximum possible LTV, with a interest only period.

Key Points

• Retail distributon centre located in the Midlands
• The rent roll for the project is £5m
• Our client is purchasing for 8.5%, £62.5m
• It has been ‘desktopped’ by a leading valuer at 8%
• 700,000 sq ft
• Lease 25 years, 21 years unexpired.
• Term sought: 5-10 years

Requirement

Contact Details

Please contact Tim Mycock or Mark Jeffers on 0845 210 5000 to discuss further or by email at tim@redchilli.com or mark@redchilli.com

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