Updated Oct 29, 2024
Vistry Partnerships Secures £10.2M Loan For Residential Development In Walsall
Raleigh St, Walsall Ws2, Uk
$10,200,000
Building Size
—
Asset Type
Development Site
Closing
Jun 22, 2020
About this deal
AI
The residential development located on Raleigh Street in Walsall has recently been involved in a loan transaction. The developer of the property is Vistry Partnerships, represented by James Warrington, while the lender is Gatehouse Bank, represented by Paul Stockwell. The loan amount for this transaction is £10,200,000.
Summary of transaction details
- Property Type: Residential Development
- Transaction Amount: £10,200,000
Edward Marsden from Colliers International & Dentons acted as the broker in this transaction.
The development site loan at Raleigh St, Walsall Ws2, Uk in England financed for $10.2M in 2020. Raleigh St, Walsall Ws2, Uk is classified as Development Site on Traded. Named participants on the Raleigh St, Walsall Ws2, Uk loan are Edward Marsden. This page is the England file for the Raleigh St, Walsall Ws2, Uk development site financed: pricing, party profiles, and other closed development site comps from the same England sit in the Market section below. Filter that local development site set by closing date to see what else financed near Raleigh St, Walsall Ws2, Uk around 2020. Published consideration for Raleigh St, Walsall Ws2, Uk is $10.2M, dated 2020. Cite this Vistry Partnerships Secures £10.2M Loan For Residential Development In Walsall loan when underwriting similar development site product around England.
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Market Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93