Investec Provides £8M Loan For Retail Property Development In London
651 Old Kent Rd, London Se15 1 Ju, Uk
$8,000,000
$339/SF
Building Size
23,600 SF
Asset Type
Retail
Closing
Jun 10, 2020
About this deal
AI
The property in question is located at 651-657 Old Kent Road in London, and it falls under the retail asset type category. The developers involved in this transaction are Urban & Provincial, represented by Luke Osborne, and Avanton, represented by Omer Weinberger. The lender for this deal is Investec @StructuredPropertyFinance, with Daniel Carlisle as their representative. The loan amount secured for this transaction is £8,000,000, and the property has a total square footage of 23,600.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: £8,000,000
- Address: 651-657 Old Kent Road, London
- Market: London
- Developers: Urban & Provincial (Luke Osborne), Avanton (Omer Weinberger)
- Lender: Investec @StructuredPropertyFinance (Daniel Carlisle)
- Square Footage: 23,600
In addition to the developers mentioned in the previous paragraph, Daniel Carlisle from Investec @StructuredPropertyFinance played a crucial role as the lender in this transaction. The collaboration between the developers and the lender made this deal possible, securing a loan amount of £8,000,000 for the property at 651-657 Old Kent Road. Luke Osborne represented Urban & Provincial, while Omer Weinberger represented Avanton. Their expertise and negotiation skills were instrumental in finalizing the transaction.
London Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93