Case Study

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.

Broker Comment...

Neil King (Darkwood Commercial Finance) said: “This was a complicated deal as the developer hadn’t appreciated the title plan boundaries prior to the application. The borrower needed a pragmatic approach from a lender to allow the problem to be rectified. Tuscan Capital found a way to look at the deal holistically and provide time to put the site plan in order, so enabling the full value of the two sites to be achieved.”


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