Client saving

Over £300,000

Margin secured

sub 170bps

Lender

Top tier bank

A 10,000 acre estate with over 100 residential and commercial properties

required extensive re-investment in its commercial operations to improve trading performance

The deal

Assets

  • £100m + value landed estate

Security

  • First charge on £30m of select properties, plus land security

Income

  • Trading income from the estate

Requirements

  • £5m refinance
  • £10m equity release

Challenges

  • Current trading performance
  • Multiple existing lenders
  • Seeking flexible drawdown

Facility Secured

  • 10 year term, 50% LTV
  • Top tier bank with industry specialism

Summary

Our client was a trading UK landed estate with an excess of 10,000 acres. The estate had more than 100 residential and commercial properties which produced various rental and trade incomes. With the leveraged funds, an extensive Capex programme was planned, investing in the development opportunities and commercial assets throughout the estate, to improve performance.

A lender with a flexible approach to drawdown of funds was required, allowing management to invest without the direct controls of lender on a case by case basis, and in a cost effective manner.

We secured a 10 year term facility at sub 170 bps margin (over BoE) with a top tier bank who had industry interest and specialism. This saved the client £300,000 compared to their incumbent provider’s rates.

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Want the details?

Colliers International Structured Finance
Second Floor, Weighbridge House, Liberation Place, St.Helier, JE2 3NA, Jersey.

+44 1534 767 600
structuredfinance@colliers.com

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