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£34m Residential Bridging in Elephant & Castle
£34m Bridge Loan of 42 Flat purchase
We recently delivered a £34 million residential bridging facility at 70% LTV an a competitive 0.84% pcm rate, supporting the acquisition of 42 private leasehold flats withing a landmark new-build development in Elephant & Castle.
Client circumstances
The wider scheme comprises 81 units across two adjacent blocks, including affordable housing and commercial space. Our funding supported the purchase of the private residential element, helping bring high-quality rental accommodation to market in a key London location.
Our Solution
This transaction demonstrates our ability to structure large-scale residential bridging facilities for complex acquisitions. The purchase was completed across four SPVs, with cross-charged facilities creating a cohesive lending structure to support the transaction.
Following completion, the units will be marketed for letting before refinancing onto longer-term BTL mortgages. By supporting this acquisition, we are helping bring professionally managed, high-quality rental accommodation to London, benefiting both the local housing market and future residents while providing the flexibility needed to execute a long-term investment strategy.
At KSEYE, we pride ourselves on delivering residential bridging solutions at scale, whether for single-unit purchases or complex multi-asset acquisitions.
Working on a large residential acquisition or portfolio deal? Speak to our team today.
Loan Amount
£34,000,000
LTV
70%
Rate
0.84% pm
Structure
Acquisition across 4 SPVs (cross-charged facilities)
Rates reflect products at the time the loan was completed
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