News & Insights

News & Insights

Zenzic Capital completes a mezzanine loan in Tunbridge Wells


Zenzic Capital completes a mezzanine loan in Tunbridge Wells further enhancing its exit bridge loan book.

Zenzic Capital completed a mezzanine loan facility within six working days since receipt of the enquiry, expanding its exit bridge presence in the market, towards a completed conversion of an old building that has been converted into seven flats in Tunbridge Wells. The development offers a range of 2-bed and 3-bed apartments in an excellent location, close to amenities and travel routes, as part of an attractive 4-storey building. The funds released equity to the borrower to assist in securing another development project.

Zenzic were represented by Gary Richardson and Louise Kelly at Freeths LLP.

Special thanks go to Sam Le Pard of Arc & Co for introducing the deal.

 


“I’m genuinely happy for the Zenzic team to have completed the exit bridge loan in Tunbridge Wells so swiftly, considering the legal points that needed immediate resolution. A good asset, in an attractive location, with an experienced developer who we are looking forward to doing more business with.”

Head of Investment and Risk analysis at Zenzic Capital, Theo Theodosiadis

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ZSL Capital expand the diversity of their loan book with PBSA loan in Nottingham


Zenzic Capital today completed on another mezzanine loan facility, this time successfully deploying capital into a Purpose Built Student Accommodation (PBSA) scheme in Nottingham.

The facility goes towards the completion of the project to ensure it is finished in time for the 2019/2020 student intake, with over 70% of units already reserved. The development, situated in the popular Hockley area of Nottingham, comprises a 131 bed student accommodation with two retail premises at basement and ground floor level, offering a good mix of income from cluster accommodation, studios and commercial premises.

 


“This transaction signals the wider diversification strategy of Zenzic to enhance our existing residential offering and move into other bed sectors, such as student accommodation, with other sectors to follow.”

Zenzic Capital’s Investment Partner , Daryl Thorpe

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Zenzic Capital delighted to close on development facility for £8.65m GDV project in Essex


Zenzic Capital today completed on a mezzanine development facility for a 23-unit scheme near Billericay, Essex.

The new build scheme on the site of a former entertainment venue provides for a mix of apartments, semi-detached and detached dwellings and has a projected GDV of £8.65m

The transaction was introduced by Dean Brown of Aureum Finance, who worked tirelessly to coordinate the various parties to ensure a smooth process through to completion.

 


“This is a great scheme which we are delighted to be involved in, bringing a good mix of well-priced accommodation to the market. The sponsor is a highly experienced developer with a track record of delivery. All parties worked efficiently and effectively to bring this all together and my thanks goes to those involved.”

Partner at Zenzic Capital, Daryl Thorpe.

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Zenzic Capital announce loan against a block of 17 apartments in Bristol City Centre

Zenzic Capital is pleased to announce it has closed a loan against a block of 17 apartments in Bristol City Centre.

The loan went towards the refinancing of a previous lender as well as releasing additional working capital to allow the developer to complete the works.

Special thanks to Martin Blake and his team at Farrer & Co, as well as Theo Theodosiadis and the Zenzic team, for all their hard work in getting this one over the line.

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Zenzic Capital completes secured loan towards refinance of Bournemouth residential development


Zenzic Capital, a principal UK real estate lender, has successfully deployed its first loan since launching its secured loan note programme in November 2018. The new funding line significantly increases the lending capacity of Zenzic, positioning them for sustained growth during 2019.

The loan in Bournemouth is part of a refinancing facility of a development project near the town centre, with Zenzic providing the required capital alongside Avamore Capital. The development scheme comprises 28 apartments across 6 storeys, mostly one-bed units, with larger units on the upper levels which also provide sea views. The development is largely complete with practical completion imminent. The funds have been advanced towards refinancing the existing lender whilst allowing the developer the requisite time to complete the final works and manage an effective sales process to maximise the profit of the scheme.

The broker was Piragash Sivanesan of Totum Finance, who was instrumental in ensuring all parties delivered to the tight timelines required. The deal was completed in less than two weeks from instruction and Zenzic were represented by Chris Freeston and team at Freeths LLP.

 


“We are delighted to have closed our first loan since our recent investment raise. The Bournemouth transaction is one we are very pleased with, in a liquid market, with little construction risk, and continues to build on our existing partner relationships within the market. We look forward to working with the borrower to see the scheme through to a successful exit”.

Daryl Thorpe, Partner at Zenzic Capital

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