£2.4m facility to support SME developer

Written By JH

The team at Aquilae Capital Advisory has successfully completed a development loan to support a local SME developer in the South West.

The £2.4m facility will be used for the acquisition and construction works to deliver 9 new houses in Cornwall. The capital stack was made up of a senior debt position from Blend Network supported by an additional private mezzanine facility to get to 75% of GDV.

MD at Aquilae Matthew Yassin stated: “Supporting growth in local communities is a key focus for the team here at Aquilae Capital. This deal demonstrates our knowledge throughout the UK and our ability to adapt and recognise value. Development Finance remains a core focus for the business and we hope this deal displays our firm commitment to delivery”.

Loan - £2.4m
LTGDV - 75%
Type – Development Loan
Term - 18 months

#developmentfinance #structuredfinance

To see the full NACFB article visit: NACFB Morning Briefing

JH https://hawthornedesign.uk
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