Zenzic Capital provides mezzanine facility for £12.5m development in Weedon, Northamptonshire

ZSL Capital Limited is delighted to announce the completion of a mezzanine devel­opment facility on the 23rd December 2021 to an experienced developer in Weedon, Northamptonshire.

The scheme, a 47-unit new build residential project in Weedon, will represent a GDV of £12.5m on completion.

Special recognition goes to Matthew Cleave of MPC Estates who introduced the transac­tion, legal representative Gary Richardson at Freeths LLP, and Adrian Reeves of Paragon Bank.

“An excellent finish to the year. We worked closely and efficiently with all parties involved to bring this to a swift conclusion. The sponsor is a highly experienced develop­er with a great track record of delivery. We continue to support SME developers in areas that have fallen behind in housing supply.”

Director of Investment and Risk Analysis of ZSL Capital, Theo Theodosiadis