Excellion Capital originates a £2 million, senior secured bridge loan

September 2015

Excellion Capital successfully originated and arranged a £2.0m bridge loan to an established London-based team of real estate developers looking to develop a residential development (6 terraced houses) in the Borough of Islington, London. The proceeds will be used by the Borrower mainly to refinance existing debt in relation to this asset, for pre- development works on site and, to a degree, for purposes not associated with this asset.

The loan is a senior secured, first-ranking mortgage, secured on development land with residential planning permissions in place.