Our Property Development Finance Team has once again showcased its expertise in delivering comprehensive development finance solutions across every level of the traditional capital structure.
The past few weeks have seen the team complete the following diverse transactions:
🟠A traditional senior debt financing for an experienced offshore based developer to build nine family homes in East Ayton, North Yorkshire. Loan to GDV at 72%.
🟠A refinancing of existing loans and equity release against a portfolio of investment properties, together with a development facility providing 100% of the construction costs in respect of three new executive houses in a strong East Midlands village location close to Nottingham. Experienced developer with an excellent track record.
🟠A mezzanine/subordinated loan, alongside material senior debt, to finance the construction of a 306 unit development in Leeds City Centre, with a GDV of £81m. The innovative funding structure allowed for sales deposits to be used in the construction.
These recent transactions demonstrate the breadth of funding that we can provide across all elements of the capital structure. We believe this capability is rare in the market and is not normally available from a single funder.
If you are a developer or an introducer and have a requirement for flexible property development finance, whether it is senior debt, mezzanine / subordinated loans or preferred equity, provided by experienced lending professionals, please contact any of the team:
Simon Brown – Head of Lending (07389 194 547 / sb@zenziccapital.com)
Richard Clouston – Relationship Director (07923 864 792 / rtc@zenziccapital.com)
Eddie Barnes – Analyst (020 3841 0819 / edb@zenziccapital.com)
Chris Blowers – Senior Advisor (07500 060 938 / cb@zenziccapital.com)
