Updated Dec 4, 2024
196 Willesden Lane Limited & Gage Properties Limited Acquires Residential/Development Site In Brondesbury, London
Royal Majestic Banqueting Suit, 196 Willesden Ln, London Nw6 7 Pr, Uk
$8,600,000
Building Size
—
Asset Type
Development Site
Closing
May 10, 2020
About this deal
AI
The residential development site located at 196 Willesden Lane in Brondesbury, London, recently underwent a closed transaction. The property was acquired by 196 Willesden Lane Limited and Gage Properties Limited. The loan amount secured for this transaction was £8,600,000. The deal was facilitated by Paul Oberschneider from Hilltop Credit Partners.
Summary of transaction details:
- Property Type: Residential/Development Site
- Transaction Amount: £8,600,000
- Date: 05/11/2020
- Address: 196 Willesden Lane
- Market: Brondesbury, London
Paul Oberschneider from Hilltop Credit Partners played a key role as a broker in this transaction, assisting the buyers, 196 Willesden Lane Limited and Gage Properties Limited, in securing the loan. This deal highlights the collaboration between the developers and the broker to successfully complete the transaction.
Players
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
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93