Updated Oct 29, 2024
Bernicia Acquires Development Site In Cramlington, Northumberland For £75M
Station Rd, Cramlington Ne23, Uk
$75,000,000
Building Size
—
Asset Type
Development Site
Closing
Oct 12, 2020
About this deal
AI
Bernicia, represented by Janette Longstaff, secured a £75,000,000 loan from LGIM Real Assets, represented by Steve Bolton, for the development site located at Station Road in Cramlington, Northumberland. The loan transaction took place on October 13, 2020.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: £75,000,000
- Borrower: Bernicia - Janette Longstaff
- Lender: LGIM Real Assets - Steve Bolton
Janette Longstaff, from Bernicia, successfully secured the loan for the development site on Station Road in Cramlington, Northumberland. This transaction was facilitated by Steve Bolton, representing LGIM Real Assets.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93