Red Chilli Structured Finance arranges a £4.9m property development finance package for the acquisition and re-development of commercial premises in the heart of London.

“Our client, an experienced developer, needed to move quickly to secure the opportunity and capitalise on a pre-let opportunity” explained Tim Mycock, senior broker at Red Chilli. “Speed was of the essence. We were able to put together a suitable funding package and complete the transaction all within 6 weeks of instruction. Our intimate knowledge of the industry and close connections to banks and financial institutions enabled us to quickly find a suitable lender that had appetite for this type of deal despite the current woes in the market. In this adverse economic climate, we are finding that property companies are increasingly struggling to raise funding for their projects through their traditional banking relationships and need to have access to broader sources of finance. This is where Red Chilli can help”.

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.
www.redchilli.com