| Press Release: Loan Facility for Commercial Investment London, 30 October 2008 | ||
Red Chilli Structured Finance announced today that it had arranged a multi-million funding package for a commercial investment in one of the UK's regional city centres. “Funding within the past two months has become a challenge with many banks withdrawing from the market and those remaining changing their lending criteria on a daily basis” said Dorothée Queyroux, senior broker at Red Chilli. “However, there are still a number of lenders who are prepared to finance commercial investments and by working closely with these lenders and clearly understanding their criteria, we are still able to arrange competitive funding packages for our clients”. Red Chilli has been able to secure funding terms for a variety of commercial investments over the last few weeks. “We are still able to arrange funding for deals that stack up economically and which are backed by serious developers/investors. We have found that equity investors have been very active recently and are generally in a position to negotiate attractive deals and move quickly“ said Bernard Frazer, a partner at Red Chilli. “Lenders still have appetite for supporting such investors”. 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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