Mezzanine Loan – Site with Planning

Deal Structure

 100% Loan To Purchase Price

£900,000 Loan.

64% of Property Value.

Mezzanine loan behind a bridge to purchase the site

Deal Summary

Our client had identified a large property in the Liverpool area that was ideal for converting into apartments. The client had agreed a subject to planning deal with the owner of the building, and would complete the purchase once the planning had come through.

With the help of their architects, the client designed a beautiful scheme to turn the grade 2 listed building into 14 executive apartments. The planing application and design was all paid for by our client.

On grant of planning the property had increased in value. Positive Commercial Finance facilitated a second charge mezzanine facility to sit behind a bridging loan.

The loan completed quickly with the Deed of Priority agreed between the two lenders with 24 hours.

Our client has since had a lot of interest from developers wanting to purchase the property and expects to sell the site within the next 2 months.

The client is now looking for their next project.

By James Waddicker

07977 460546

[email protected].uk