| Below is a brief synopsis of a variety of deals. |
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| The Client : |
South Coast Residential Property Developer |
| The Project : |
8 speculative residential development sites totalling 85 units with a combined GDV of £33.5m |
| The Funding : |
Over the last 18-months NMPF have procured funding for this one developer of circa £25m representing around 90% of costs with a syndicate of Banks on excellent terms. |
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| The Client : |
Plc Leisure Operator |
| The Project : |
Refinancing a portfolio of Bars |
| The Funding : |
Sourced a £4m term loan and £500k working capital facility enabling this highly successful operator to continue to expand. |
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| The Client : |
Property Entrepreneur |
| The Project : |
Dolphin Quay, Poole – The purchase of 70,000 sq.ft of developed, prime, un-let retail space and a 1.5 acre piece of land from the receiver. |
| The Funding : |
After being approached by a client concerning this opportunity NMPF were able to negotiate a 50:50 JV with a PLC Property Investor to 100% fund this £10.6m purchase and ongoing planning costs. |
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| The Client : |
Independent Operator |
| The Project : |
The Club - Development of a prestigious stand-alone 9,500 sq.ft. Health Spa & Fitness Club |
| The Funding : |
£2m loan drawn down in stage payments to buy site and construct the scheme, which then reverts to a 20-yr, amortising mortgage |
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| The Client : |
Regional Commercial Property Developer |
| The Project : |
Bell Lane Office Village, a development of 15 self-contained office buildings totalling 25,757 sq.ft. for sale or to let. |
| The Funding : |
Client approached us for 100% funding for this £3.7m speculative scheme, which we placed with an Institutional Investor on a profit share basis |
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| The Client : |
National Property Developer |
| The Project : |
80 Bed Days Inn Hotel - Haverhill |
| The Funding : |
As an example of NMPF’s consultancy work, an existing client approached us about how to structure the building of a new Hotel on its Business Park development. We were able to bring on board a Management Company and a Franchise to make this £3m project both bankable and profitable.
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| The Client : |
Independent Hotelier |
| The Project : |
Refinancing Chilworth Manor Hotel |
| The Funding : |
Negotiated a 25-year amortising loan of £8.33m and £150k working capital facility enabling the directors to buy out their Venture Capitalist partners who funded their MBI 3-years earlier. |
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| The Client : |
Private Investor |
| The Project : |
Investment Property Transaction |
| The Funding : |
This shrewd individual agreed to purchase a vacant building secure in the knowledge he had a tenant ready to enter a lease. Arranged £1.75m 25-year mortgage representing 100% of purchase price, 70% of value at 1.5% above base. |
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| The Client : |
Regional Property Company |
| The Project : |
Site of the former Winter Gardens Hotel. |
| The Funding : |
Client agreed to buy the site for £2.1m, which had planning for, residential on the belief that the planning could be significantly enhanced. Agreed 100% of purchase price funding with a main stream bank on a profit participation basis |
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| The Client : |
Property Speculator |
| The Project : |
Crossways - Client agreed to buy a 5.56 acre green field site with outline planning on the basis of getting the planning changed to a mixed-use scheme. |
| The Funding : |
Arranged a facility of £1.2m, which represented 100% of purchase price 75% of value with a High Street Bank on a profit share basis. |
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| The Client : |
Compton (UK) LLP |
| The Project : |
A prestigious development of 3 x 6-bed detached houses, a 5-bed detached house and two 2-bed terraced houses in the village of Compton nr Winchester. |
| The Funding : |
Speculative residential development funding of £2.73m at a margin of 4.25% over base with . 0.75% arrangement fees and no exit fees for its London based clients, Compton (UK) LLP. |
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| The Client : |
Midlands based Developer |
| The Project : |
Client had rented out unsold apartments within completed development and wished to replace existing loan with long term funding. |
| The Funding : |
£1.2m residential investment loan at 3.25% above base rate. |
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| The Client : |
London based Investment Company |
| The Project : |
Re-financing two well let investment properties at the end of their loan terms with HBoS |
| The Funding : |
£1.5m (60% LTV) long term Building Society mortgage at 2.5% over cost of funds |
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| The Client : |
Regional Contractor |
| The Project : |
Purchase of a block of fully let residential apartments at under value. |
| The Funding : |
7-year term loan at 65% of valuation at a margin of 3.5% over cost of funds. |
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| The Client : |
London based Developer |
| The Project : |
Purchase of a secondary investment property with planning potential for a retail and residential scheme. |
| The Funding : |
100% funding arranged with a private investor on a joint venture basis. |
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| The Client : |
National Investment Company |
| The Project : |
Client owned a large unencumbered portfolio of strategic land with planning potential. |
| The Funding : |
£1m 3-year working capital facility with interest roll-up. |
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| The Client : |
Regional Investment Company |
| The Project : |
Purchase of a portfolio of 58 fully let residential units and 3 retail units from The Receiver. |
| The Funding : |
£4.2m term loan equating to 65% loan to value and 80% of purchase price. |
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| The Client : |
Commercial Developer |
| The Project : |
Refinancing a development loan after completion of construction of a 60-bed Travelodge and 2 x A3 units. |
| The Funding : |
Long term loan equating to 70% of the value of the investment at 3% over cost of funds. |
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| The Client : |
Midlands Based Investor |
| The Project : |
Client agreed to fund a house builder during construction in return for a discount on 26 of the 50 apartments in their prestigious scheme. Client wanted to re-finance upon completion. |
| The Funding : |
A 12-month equity release facility based against LTV giving the client back his original cash investment whilst the sales of the individual units go through. |
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| The Client : |
Regional Development Company |
| The Project : |
Mezzanine Funding for speculative residential development project. |
| The Funding : |
DONE DEAL!
NM Property Finance are pleased to announce draw down of a £1.25m mezzanine funding facility.
We were asked by a well established independent development company to source top-up funding to assist in their re-financing of a development site for 28-units on the South Coast. After concluding an extensive review of the market we negotiated a competitive facility with an innovative fund management Company.
Further details e-mail nigel@nmproperty.co.uk |
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