Excellion Capital originates a £770,000 mezzanine loan

September 2015

Excellion Capital successfully originated and arranged a £770,000 mezzanine loan. The loan is secured via a second charge against a residential development in London comprising 9 apartments located in Rotherhithe Road, close to Surrey Quays.

This development is fully permitted from a planning perspective and construction is already underway. The asset is being developed by a substantial real estate development group with a focus on residential properties in London.

This transaction has enabled the borrower to release equity from this project which had previously been funded with senior debt only. The proceeds from this equity release transaction have been used by the Borrower to fund works on another London development asset.

This is the first loan Excellion Capital has put in place with and for this Borrower, in the expectation of transacting on repeat business given the group’s pipeline and focus.