• Funding levels up to £200 million
• Day 1 release minimum £20 million
• Facility spread over 3 to 4 years
• Type of funding - The whole capital stack of debt, mezzanine and equity
• Maximum loan to costs - 95%
• Developer input towards costs - 5%
Preferred Sectors:
- Social Housing
- P.R.S
- Build to Rent
- Student Accommodation
- Hotel Purchase and Refits
- Commercial to Residential
Facility is Ideal for:
- The hotelier wanting to expand the number of hotels in the portfolio
- The build to rent developer/investor who wishes to expand rapidly with minimum capital outlay
- The student accommodation investor who wishes to expand
- The developer who wishes to expand
Cost of Capital:
- 10% to 15% coupon plus an equity kicker to achieve an IRR of 20%