The 12-month loan, structured at 65% LTV, facilitated the refinance of an income-producing asset where the sponsor had enhanced rental income and secured permitted development rights.
It also supported the acquisition of a second building: a vacant office block with redevelopment potential and a planning strategy already in place for a conversion to residential.
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Delivered on an expedited timeline, the facility enabled the borrower to meet a deadline and proceed with their business plan without delay.
Jonathan Hitter, CIO at Blue Shield Capital, commented: “This was a complex, multi-asset transaction requiring rapid execution to align with the borrower’s timetable.
“We’re pleased to have delivered a bespoke solution that supports both the stabilisation and growth elements of the sponsor’s strategy.”
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