£30M stabilisation facility acting as a development finance exit to fund a major unstabilised multi-unit asset.
Provided a £30M stabilisation loan as a development-finance exit on a 175-unit multi-unit freehold block in Manchester, funding the asset ahead of full stabilisation. We structured the cash flows so the borrower could focus on accelerating lettings, and engineered bespoke covenants, waterfall mechanisms and blocked bank accounts to enhance bankability — maximising debt quantum while delivering streamlined in-life management for both borrower and funder.
How we structured it
Accelerated letting velocity
Structured cash flows such that the client could focus on ramping up the velocity of lettings
Enhanced debt quantum
Bespoked covenants, waterfall mechanisms and bank accounts management to enhance bankability and deliver increased debt quantum and deliver streamlined in-life management for borrower and funder
Next-day completion readiness
Proactively managed the deal where credit approval, valuation and lawyers were ready to complete the next day after PC.
