Development loan for prime office-to-resi scheme in Brighton
- Participated in a ‘preferred equity’ investment in the acquisition of a prime office building in Brighton
- Arranged a senior debt package (comprising an acquisition loan, a refurbishment loan and a VAT loan)
- Office building located in a prime location in Brighton
- Building is being converted into 52 residential flats
- An independent valuation has put the gross development value of the scheme at £20.7m