Central Manchester
Case Studies
Location: Manchester
Asset Class: Mixed-Use Commercial
Loan Type: 5 Year Term Loan
Loan Size: £5.5M
Year: 2024
spaceMixed-use, grade II listed, commercial asset comprising ground floor retail accommodation with c. 30,000 sq. ft. of office accommodation situated above. Located in the central business district of Manchester City Centre.
The property was being purchased part vacant and the client would be letting the vacant accommodation to their serviced office business. Client required a term loan facility to purchase the property and hold for the medium to long term.
WR Capital arranged a £5.5M loan facility on a 5-year loan term. The loan facility comprised both a senior and junior loan tranche, equating to a combined loan-to-value of 75%.
