Central London
Case Studies
Location: Central London
Asset Class: Mixed Use
Loan Type: 10 Year Term Loan
Loan Size: £6.5M
Year: 2022
spaceMixed use property comprising a ground floor restaurant unit with 19 studio apartments situated above. The buildings use-class meant the apartments could only be let on the same AST for a maximum of 90 consecutive days. The restaurant tenant was holding over.
The client was under offer to purchase the property and required a term loan facility to part fund the acquisition. WR Capital arranged a competitively priced £6.5M loan facility, at 75% loan-to-value, for a 10-year term. The loan was provided by a leading challenger bank.
