£30 million - mezzanine finance loan on substantial residential development in London, UK with a GDV of £240 million
Clients had undertaken a substantial residential development in London with a GDV of £240 million. They had financed the project by resorting to third party equity with whom they had negotiated an buy-out option in the early stages of the project.
After securing some pre-sales, we were able to re-gear the loan facilities to allow them to extract sufficient cash to buy their equity partners out.
If you would like more information on this or any other deals please feel free to contact us.