Over £70m commercial loans secured in Jan 2009

Red Chilli Structured Finance announced that it had secured £73m worth of commercial loans during the month of January. “Whilst the effects of the credit crunch continue to be felt acutely throughout the markets, there are a number of lenders with renewed appetite for solid investment deals” said Bernard Frazer, Partner at Red Chilli. “The combination of softening yields and record lows for medium term swap rates means that the economics for property investments have not been this compelling in a long time. As a result, we were able to secure funding for a broad range of property investments”.

• Shopping centre - MV £36m - LTV 65% - 1.15% margin
• Serviced apartments - MV £18m - LTV 70% - 1.75% margin
• Hotel in Greater London - MV £4.5m - LTV 70% - 2.00% margin
• Income producing office - MV £8.6m - LTV 65% - 2.25% margin
• Residential and commercial portfolio - MV £5.5m - LTV 60% - 2.75% margin
• Portfolio of offices across the UK - MV £38m - LTV 65% - 3.00% margin

Red Chilli Structured Finance is an independent property finance advisory firm specialising in arranging funding for property projects in the UK and all over Europe.
Call us on 0845 210 5000 to discuss your funding requirements

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