£3.3m development finance loan

Published by Guelane Mansour -

Krios Capital Partners closed a £3.3m development finance loan to assist a client seeking to develop a residential scheme in South London.

The client, a major overseas developer, lacked the experience and track record in the UK.

Deal summary:

• Ground-up development to deliver 14 apartments

Key highlights

• £3.3m of development finance arranged

• Senior debt

• 68% LTV

• 18 months term

How did we help?

• Debt funding was secured with a private lender willing to support a relatively inexperienced developer

• We were hands-on assisting the client and his team throughout the entire funding process

Should you have a any enquiries regarding this deal, or you would like to discuss any bridging finance requirements, you can contact us at [email protected].