Locked down but not locked out

Locked down but not locked out

BORROWER
‘Value Add’ Investor-Developer

AMOUNT
£10.9 million

LOAN TYPE
Investment Finance Term Loan

LOCATION
Greater London

LTV
69%

PROJECT TYPE

Mid Term Investment with Stabilisation Period

SPECIAL FEATURES

• Underwritten and drawn during Covid-19 lockdown
• Equity release
• Interest margin reductions as the building
achieves letting benchmarks

UTB’s Structured Finance team were approached by an existing customer to refinance a recently completed development of 45 apartments.

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