Solihull, West Midlands
Case Studies
Location: Solihull, West Midlands
Asset Class: PRS Scheme
Loan Type: 5 Year Term Loan
Loan Size: £4.1M
Year: 2020
spaceRecently completed PRS scheme comprising 39 apartments located in Solihull, Birmingham.
Following completion of the scheme, the developer sought to let the apartments, refinance their development facility, and add the property to the group’s investment portfolio.
WR Capital successfully arranged a £4.1M facility, on a 5 year loan term, with a leading UK Challenger Bank. The loan funds were used to repay the development lender and release additional capital for future acquisitions.
