Prime West End

Oxford Street office

Timing

3 weeks to completion

Margin secured

175 bps over BoE

A UK Family Office were offered an attractive off-market Prime West End London acquisition

but completion had to be within 3 weeks

The deal

Assets

  • Oxford Street office valued at £45m

Security

  • First charge over asset

Income

  • Rental, multiple tenants

Requirements

  • £15m acquisition finance

Challenges

  • Extremely tight deadline to completion

Facility Secured

  • 3 year term
  • Interest only facility, 34% LTV
  • Clearing bank

Summary

A UK Family Office were investing in Prime West End London. They had been presented with an attractive off-market opportunity on the proviso that they could complete within 3 weeks.

We secured attractive terms from 3 providers. An important aspect of the screening was having a high degree of confidence in any lender’s operational and AML processes to facilitate the required time frame.

A 3 year term facility was secured at a 175 bps margin (over BoE) with an arrangement fee of 50 bps and funding was drawn before expiry of the exclusivity period.

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Colliers International Structured Finance
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