Watford, Herts

Contact

info@wr-capital.co.uk

1 Duchess Street

London

W1W 6AN

Case Studies

Location: Watford, Hertfordshire

Asset Class: Office (Short Lease)

Loan Type: Acquisition Bridge

Loan Size: £13.3M

Year: 2020

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Commercial asset formerly owned and occupied by a national retailer who was selling the property to relocate to smaller premises.

Prior approval to convert the property into residential accommodation had been granted. Client required a short term loan to fund acquisition of the property whilst a revised planning application for an enhanced scheme was prepared and submitted.

WR Capital arranged a £13.3M bridging loan, on a 12 month term, with a leading challenger bank.