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Debt finance
- Introducing state of the art debt finance.
- Effective negotiation with individual and consortia of lenders on refinances, restructuring of debt and covenant breaches.
- Sourcing opportunities to acquire loan notes and discounted bank debt with outstanding returns.
We introduced and acquired a purpose built health and fitness club on behalf of our client. The property is let to a major operator on a twenty-five year lease with fixed rental uplifts.
Within two years we were able to re-finance the property with an overseas bank and repay the client’s equity in full together with a £400,000 profit.
With the onset of the market crash, the lender called a loan to value breach and demanded the client inject further equity. We handled negotiations with the bank and were able to acquire the outstanding bank loan at 60% discount, giving our client a return of 17% per annum. The vacant possession value of the property is now 160% of the price paid for the loan.
