Completed - £6M Development Exit Loan on eight flats in Chelsea
Alburys Financials is delighted to announce the completion of a £6M Development Exit Loan on eight flats in Chelsea.
THE SCENARIO
Our Clients were prolific property investors based in the principality of Monaco. Their portfolio consisted of property assets throughout Europe with a combined value of £200 million.
They had just completed a luxury development of 8 flats in Chelsea, having purchased and developed using cash reserves.
As expected, the units were of an exceptional standard.
The 8 flats had a combined value of £12M.
Our Clients required the facility to capital raise for another UK project.
Essential requirements were ease, and flexibility, along with no exit penalties.
OUR SOLUTION
Current value £12M
£6M Gross Loan
LTV 50%
5.99 % pa
12 months term
Interest - Fully Retained
Exit - refinance or sale
These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.
If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.