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Transactions

Location: City of London
Deal Type: Office Refi Bridge
Loan: £21,200,000
Term: 18 months
LTV: 53%

REL Finance successfully completed on a refinance for a prime London office site. The borrower’s strategy is to complete demolition works on the existing building and obtain a main build JCT contract to redevelop into a multi-storey mixed use office and hotel high riser.

Location: North-East
Deal Type: Clearing Bank Refi Bridge
Loan: £3,800,000
Term: 24 months
LTV: 60%

REL Finance successfully completed on a refinance for an office / industrial site located on a business park outside of Newcastle. The property is single let to a blue chip covenant with a strong unexpired lease term.

Location: Mayfair, London
Deal Type: Resi Acquisition Bridge
Loan: £5,600,000
Term: 9 months
LTV: 70%

REL Finance successfully completed on an acquisition bridge for a prime, recently refurbished residential dwelling in Mayfair, London. The borrower required speed of execution to ensure they were able to meet the vendor’s completion deadline and REL was able to complete the transaction within the target timeframe.

Location: South-East
Deal Type: Hotel Acquisition Bridge
Loan: £4,000,000
Term: 15 months
LTV: 56%

REL Finance successfully completed on an acquisition bridge for two hotels located in the South-East, totalling 92 keys. The sponsor is an experienced hotelier and required funding to expand their current hotel portfolio whilst deploying a strategy to enhance the trading operations and EBITDA of both assets.

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