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.
“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