Re-Finance Package Enables Boundary Reconfiguration And Hike In Value
Property developer needing to refinance two adjacent sites to reconfigure the boundaries and site plan to maximise value.
Tuscan Capital provided a 9-month bridge loan to refinance existing debt funding on two separate houses located by the River Thames in Buckinghamshire.
The developer needed to reconfigure the boundaries for the two properties as part of a planning enhancement. Tuscan Capital considered the valuation of the properties by taking into account that the boundary changes would be completed during the loan term. The deal was then structured on a cross-collateralised basis to make it work.