Case Study

Assist a Developer to make 284% ROI

KEY FIGURES:

Property Value (GDV): £12,250,000

Total Costs: £8,400,000

Total Gross Loan Facility: £9,200,000

Charge: 1st & 2nd (Senior & Mezzanine)

LTGDV: 80%

Term: 2 years

Product: Senior & Mezz Development Facility

THE CASE:

The client was looking to purchase a development site with planning permission to build 43 new build apartments and needed a loan to assist with both the acquisition and development of the site.

THE CHALLENGE:

The client didn’t have enough equity to fit into any senior debt lenders criteria and therefore needed a mezzanine/equity provider to make up the shortfall.

THE OUTCOME:

We managed to structure a senior and mezzanine debt package, which meant that the developer could complete the acquisition with minimal cash equity and is on target to make a 284% return on their investment!

 

 

Testimonial

“I can’t believe that we completed so quickly! So happy we chose First 4 Bridging.”

Ms O, Birmingham