£45M first charge strategic refinancing facility secured against prime land with outline planning permission.
Refinanced strategic land that had recently secured outline planning. The structure repaid junior debt and preferred equity and simplified the capital stack, giving the sponsor control and flexibility to progress the site, manage planning risk, and pursue value creation over the next 24 months.
Facility Size£45m
LTV on Purchase40%
LTV on ValueN/A
Assets FundedStrategic land in the Midlands
How we structured it
Structured complex buyout
Complex ownership structure where equity partners were to split, support of buy out and complex exit agreement.
Composite submission
Complex transaction completed in 6 weeks
Milestone risk management
Use of milestones throughout the transaction to actively manage planning and delivery risk
LocationMidlands, UK
Deal Amount£45m
Deal TypeFirst Charge
Team Members
Team Members
LocationMidlands, UK
Deal Amount£45m
Deal TypeFirst Charge