INTELLIGENT PROPERTY FINANCE
Imperial Blue Finance is pleased to confirm completion of a £10.4m bridging facility secured against a substantial Prime Central London development opportunity.
The underlying asset benefits from planning consent for a major hospitality-led mixed-use redevelopment extending to approximately 280 hotel keys alongside significant ancillary commercial accommodation, with an anticipated end value in excess of £200m.
The transaction required a highly commercial and pragmatic approach given the scale of the proposed scheme, the short timeframe involved and the complexity surrounding the existing capital structure. Imperial Blue was able to move quickly, underwrite the opportunity and complete above traditional leverage parameters, delivering a bespoke structure tailored to the sponsor’s requirement.
LEADING THE FIELD
We are very pleased to have completed this £10.4m bridging facility secured against a strategically located Central London asset with planning consent for a substantial mixed-use redevelopment. The transaction demonstrates our ability to move quickly and structure flexible solutions across a broad range of asset classes, including larger-scale hotel and commercial opportunities. We look forward to continuing to build our relationship with the sponsor as the scheme progresses
Tom Harries – Director, Imperial Blue
IMPERIAL BLUE
Funding the finest of England's real estate developers with market leading products for market leading projects
