Versatile financing solutions
for the middle market
Sourcing development finance for speculative commercial development has always been a restricted market with few lenders.
The good news is that Bircroft is a market leader in securing competitive finance for speculative commercial development with a strong track record in this specialist sector.
- A client must be able to demonstrate a strong track record and relevant experience
- A viable development project in terms of profitability and market dynamics
City of London – Value £21m
Securing high leverage funding
Bircroft was appointed to secure relatively high leverage funding for a vacant City office building. The asset strategy was a full strip out and repositioning of the asset ready for re-let and sale. The borrower was latterly successful in getting planning consent for an additional floor and roof terrace that also needed funding. Completion of the purchase was unfortunately timed one month after the shock Brexit result!!