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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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| 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 : |
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 : |
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 : |
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 : |
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 : |
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 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 : |
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 : |
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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