Aitch Group Acquires Mixed-Used Property At 1-4 Corbridge Crescent, London For £24.3M With Paragon Bank's Loan
1 Corbridge Cres, London E2 9 Ds, Uk
$24,300,000
$3,476/SF
Building Size
6,990 SF
Asset Type
Mixed-use
Closing
Jul 14, 2020
About this deal
AI
1-4 Corbridge Crescent, a mixed-use property in Bethnal Green, London, was involved in a recent closed transaction. The transaction took place on July 15, 2020. The property's loan amount was £24,300,000, and it spans a total of 6,990 square feet.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: £24,300,000
- Borrower: Aitch Group - Henry Smith
- Lender: Paragon Bank - Nigel Jackson
- Market: Bethnal Green, London
In this transaction, Aitch Group represented by Henry Smith acted as the borrower, while Paragon Bank represented by Nigel Jackson served as the lender. The property, located in Bethnal Green, London, features a mixed-use setup. This deal showcases the collaboration between these key individuals and companies.
Players
London Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93