Bridging Facility for Off-Market Acquisition of Residential Block

Residential

Bridging Facility for Off-Market Acquisition of Residential Block,
London

Loan Size €4.2m

Deal Duration 12 months

Bridging Facility for Off-Market Acquisition of Residential Block, London

LTV: 68%

Maslow Capital provided a bridging facility to support the acquisition of a fully tenanted residential block in an established London location.

The asset was secured off-market at a discount to market value, reflecting the borrower’s ability to transact at pace. The property benefits from excellent connectivity, strong and diverse tenant demand and low occupational risk.

On completion, the borrower is undertaking a programme of communal area and fire safety upgrades to support the transition of the units to market rents. The exit strategy is a refinance onto term debt once the enhanced income has been realised.

*The image presented in this case study is an artist’s impression created by Maslow Capital, informed by the property’s project specifications. It is provided for illustrative purposes only and should not be regarded as an exact representation of the property or its final appearance.

“A fully tenanted residential asset secured below market value is the kind of opportunity that rewards speed and certainty. We know these borrowers well, and structuring the facility around their asset management plan was a natural extension of an established relationship.”

Daniel Murray, Senior Director, Short-term Finance, Maslow Capital

Daniel Murray

Senior Director, Short-Term Finance (UK)

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Daniel Murray

Senior Director, Short-Term Finance (UK)