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Zenzic Capital announces £880k senior development facility to experienced developer for redevelopment of end-terrace property in North London.
Zenzic Capital is delighted to announce the completion of an £880k senior development facility to an experienced developer, Luca Garratt, for the redevelopment of an end-terrace house in North London. Completion took place on the 9th of December 2022. The scheme will provide 3 apartments which will deliver a GDV of £1.36m.
Antler’s Managing Director, Andrew Rinaldi, said: “We continue to value our relationship with Zenzic Capital, whose resourcefulness and solution-driven approach match our business model and future growth plans. Our thanks to Zenzic’s team.”
Special recognition goes to:
Saam Lowni at Merryoaks for introducing the deal;
Konstantinos Polykarpou and Bob Branscombe of Zenzic;
Our legal representatives at TLT LLP;
Julienne Coffey at Bishop & Sewell LLP.
About Zenzic Capital:
Zenzic Capital is a principal real-estate lender focused on providing innovative financial solutions to high growth real estate groups and developers.
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“We are delighted to commence our collaboration with the developer. Our stretch senior product strategy continues to deliver to a market that has been suffering from the current macro-conditions, and Zenzic is committed to keep assisting developers with their growth plans.”
Zenzic Capital’s Investment Director, Theo Theodosiadis