Newbury, Berkshire
Case Studies
Location: Newbury, Berkshire
Asset Class: Residential Development
Loan Type: Finish & Exit Facility
Loan Size: £13M
Year: 2020
space
Partially complete office to residential scheme comprising 4 office buildings situated within a former business park located in Newbury, Berkshire.
The property was being redeveloped to provide 108 apartments and the developer required a loan facility to fund the outstanding construction works.
WR Capital successfully arranged a £13M ‘Finish & Exit’ facility for a 12 month term, which provided the additional liquidity needed to finish the scheme and market the completed units to prospective purchasers.