39
Residential Units
Senior debt bridge financing the acquisition of a fully permitted 39-unit site, repaid within nine months.
Financing
Senior Debt Bridge
Status
Repaid
Exit
Approved Housing Body
Security
First Charge
Loan Term
9 Months
Investor Return
14%
Structure
Deal Overview
Everlet arranged a bespoke asset-backed senior debt bridging facility to fund the acquisition of a site with full planning permission for 39 units. The developer was at early-stage discussions with an Approved Housing Body who provided a Letter of Offer to acquire all 39 units under a turn-key delivery.
Financing Type
Senior Debt Bridge
Total Units
39
Security Position
First Charge
Loan Term
9 Months
Investor Return
14% p.a.
Exit
Sale to Approved Housing Body
Capital Structure
Senior Debt
0-40% LTV
Developer Equity
41-100%