Featherstone Homes Acquires Commercial/Residential Property On Streatham Road For £9.1M
Streatham Rd, United Kingdom
$9,100,000
Building Size
—
Asset Type
Other
Closing
Aug 20, 2020
About this deal
AI
Featherstone Homes, headed by Rowan Stewart, has secured a loan for a commercial/residential property located on Streatham Road in Merton. The loan amount provided by Shawbrook Bank, represented by Terry Woodley, is £9,100,000. The deal was facilitated by Adrian Dadds from Mulgrave Finance.
Summary of transaction details
- Property Type: Commercial/Residential
- Transaction Amount: £9,100,000
- Developer: Featherstone Homes - Rowan Stewart
- Lender: Shawbrook Bank - Terry Woodley
- Broker: Adrian Dadds - Mulgrave Finance
- Date: 08/21/2020
- Address: Streatham Road
- Market: Merton
The loan provided by Shawbrook Bank, represented by Terry Woodley, will support Featherstone Homes in its development of the property on Streatham Road. Adrian Dadds from Mulgrave Finance acted as the broker in this transaction, ensuring a smooth deal for all parties involved.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93