Zenzic Capital completes its first senior loan of 2019 further diversifying its exit bridge loan book.
Zenzic Capital completed, just before the start of the festive period, a senior loan facility towards a completed ground-up development of bungalows in Whitton. The funds have been used to refinance the outgoing senior lender while the developer is going through the sales process of the two remaining units of this four-bungalows development.
Zenzic were represented by Matthew North of Farrer&Co LLP.
“We are delighted to have completed another senior exit bridge amidst the final working days of 2019. That was the best close to an exciting year for Zenzic showcasing that there is more to come in 2020.”
Zenzic Capital’s Investment Director, Theo Theodosiadis