Illustrative example, not a completed transaction
Mixed-Use Development, Southall
Southall, UB1
Project Overview
Illustrative example: a mixed-use scheme of ground-floor commercial units with 16 apartments above, near Southall station on the Elizabeth Line.
The Challenge
A mixed-use scheme needs a lender comfortable with both the residential and commercial elements, and the developer may want mezzanine finance to reduce the equity required.
Our Solution
A typical structure would combine senior debt of around 60% LTC with a mezzanine tranche taking combined leverage towards 85% LTC, subject to lender criteria and the scheme's numbers.
The Outcome
Pre-letting the commercial units before completion would strengthen the exit. This is an illustrative example, not a completed transaction.
Deal Summary
Have a Similar Project?
Get a free, no-obligation quote for your development finance needs.