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£23m

Loan amount

65%

LTV

Stabilising debt position

THE CHALLENGE

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.

THE SOLUTION

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.

KEY WINS

  • Maximizing funding on the mixed portfolio
  • Structuring and stabilising debt
  • 3yr fully phased strategy

CLIENT TESTIMONIAL

Bircroft was built with a long-term perspective of the direct lending market. We believe that to be successful, we must go beyond originating attractive investments. We must also provide investors with the transparency, service and flexibility of an in-house investment team.

Allan Davies

CEO, Rockcap Inc