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.