The lender was approached by a repeat customer who required funding for the refurbishment of a super-prime property asset in London.
The customer required funding to repay existing finance and to make a small capex facility available — an offshore trust structure which included multiple jurisdictions made the property a complex deal.
Due to the deal’s complexity, the Tenn team provided support and guidance throughout the transaction as well as ensuring all legal and regulatory requirements were met.
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The loan was the largest single facility provided by the lender to date since its inception and was funded through one of the firm’s syndication partners.
Steve O’Brien, managing director at Tenn Capital (pictured above), said: “We are delighted to have agreed our largest loan to date on a super prime property in London, that we were able to do this with an existing customer makes it that little bit more special.
“I couldn’t be prouder of the team in getting this Loan over the line.”
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