£2.9m assisted living facility in North London

Aquilae has completed a transaction for a long-standing client to fund an assisted living facility in North London. The loan was underwritten on passing rent rather than market rent. This enabled the lender to reach a significantly higher LTV against the investment value, meeting the client’s expectations.

Matthew Yassin, MD, commented:

"The lender displayed flexibility where others were restricted by VP, allowing us to reach the funding levels required to deliver for our client. This type of deal requires asset management and a strong understanding of how to position a deal that works for both the lender and the client outside of standard criteria. It really demonstrates that Aquilae can find solutions when required."

LTV: 85% VP, 70% IV
Loan: £2.9m
Lender: HTB
Asset Class: Assisted Living