£33M first charge facility to successfully refinance strategic land designated for commercial C1 development.
Supported the refinance and acquisition of prime Edinburgh real estate. The structure enabled part-demolition of the site and negotiation of the agreement for lease, creating time to agree a detailed technical specification, finalise delivery needs, and advance the development strategy plan.
Facility Size£33m
LTV on Purchase45%
LTV on Value45%
Assets FundedFormer prime retail space for redevelopment
How we structured it
Personalized underwriting
Material uncertainty with existing leases, but was approved using bespoke underwriting
Structured global obligors
Complex ownership structure involving multi-jurisdictional obligors
Underwrote demolition risk
Element of demolition on bridge facility
LocationScotland
Deal Amount£33m
Deal TypeFirst Charge
Team Members
Team Members
LocationScotland
Deal Amount£33m
Deal TypeFirst Charge