<
p>Alternative Bridging Corporation (ABC), the bridging lender which focuses on short term commercial loans, has announced the launch of a joint venture with Jaeger Realty LLC, established to refinance maturing real estate loans in the UK.
The joint venture has been named ABC Jaeger Finance Corporation Limited.
ABC and its affiliates have been active in the UK for the past 20 years, as a lender and finance intermediary in all property types.
Jaeger Realty is a principal investor and institutional real estate adviser that has been active in turnarounds, restructurings and development in the UK, the US, Europe and the Caribbean since 1995.
Robert Davis, Director of ABC Jaeger Finance Corporation, said: “Together we bring the capital and skill set to act quickly in refinancing loans that existing lenders wish to have repaid. We focus on transactions that would otherwise not be refinanceable.”
Criteria:
• Loan Size:
- As principals it lends up to £10 million
- On larger transactions, it will co-invest with lenders from the US and elsewhere with whom it has long-established arrangements
• Security: First or second charges on:
- Residential property for trading, improvement or investment
- Office buildings, industrial units, retail premises and shopping centres
- Hotels
- Land / residential development
• Locations: Focused on London and the South East; it will also selectively look at other locations within the UK.
• LTV: Up to 70 per cent, dependent upon asset class
• Pricing: To be determined based on the loan size and the quality of the property, location and borrowe
Alternative Bridging Corporation (ABC), the bridging lender which focuses on short term commercial loans, has announced the launch of a joint venture with Jaeger Realty LLC, established.
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