The facility refinances existing debt and provides the borrower with additional time to sell the asset following a period of refurbishment.
Topland stepped in and provided the funds within two weeks of instruction, after a previous lender pulled out of the deal.
- The Finance Professional Show 2024: The Video
- Topland provides €20m senior facility for Parknasilla Resort in Ireland
- Topland Vintage completes £14m Mayfair penthouse senior facility
Daniel Eastwood, originator at Topland, said: "This deal highlights Topland’s ability to execute swiftly and reliably.
“We delivered exactly as agreed, with the legal process taking just over a week.
“Thanks to Ed Fuller and the team at Fladgate’s for their quick turnaround and to Richard Kirby at AWH for producing a thorough report."
Leave a comment