Stabilising debt position
Our client had secured secondary and tertiary commercial assets with short-term income but with great potential. As such, funding was required to fund the purchases with freedom to utilise cash-flow to deliver an asset plan of maximising value and income in order to hold long-term.
Bircroft has recently completed the final phase of a 3yr funding strategy on a mixed commercial portfolio. Initially funded by a non-high street lender at 65%ltv interest only, the portfolio was successfully managed through redevelopment and repositioning by the borrower leading to a stabilised position assisted by the flexibility of the debt structure. The final phase was to refinance to an ultra-low interest rate senior debt loan that also allowed for substantial equity release against the enhanced value of the portfolio based on a 5yr loan facility against the £23m portfolio.
- Maximizing funding on the mixed portfolio
- Structuring and stabilising debt
- 3yr fully phased strategy