Project Location: Shropshire
Project GDV: around £2 million
Mezzanine Funding Facility: £300,000
Funding Security: Second charge with an agreed Deed of Priority
Facility Period: 12 months
Mezzanine funding Shropshire case study: There is always something very satisfying about seeing a Victorian building of such character being restored and thereby preserved for generations to come and this project is no exception. Our developer client has a particular skill in restoring barns and this project shows off their expertise with around 10,000sqft being converted into five self contained homes of high quality.
Calmez have provided the developer with £300,000 mezzanine funding on a fixed interest return over 15 months as well as helping secure the senior funding and provided project management support.
There has been a great deal of interest shown in the development off-plan and we are looking forward to seeing the completed units later this year.
CALMEZ offers developer loans and developer funding in the form of mezzanine funding to property developers and builders with proven track records and whom meet the lending requirements of both our prime lender as well as our own. For more information then please contact us here or by calling 0207 096 1900.