the croft, derby - 22.3 Million GDV
PBSA Scheme Derby (356 Units) – The clients had
secured the site ad obtained planning and approached me last minute to raise £3.5m Equity/Bridge the initial facility to ensure the building kit was purchased in Europe and to keep on track with the time allocated for the project.
This project then required a further £17.5m which was achieved by using a Senior debt Facility via a UK lender, which was backed
by US Funds for 15 months (3 mth extension clause). This was at 7.5% PA to allow the developers to pay initial equity investor £3m and then execute an ICD for £500k to sit 2nd charge behind
new Senior Debt provider, who also funded 100% of the construction, professional fees and interest.