Our client is a very experienced residential development and management firm with over £100m of assets in London. They have a stellar track record in purchasing dilapidated properties, refurbishing them and either selling them on or letting them out and holding them as long term investments. They regularly come across opportunities to purchase distressed portfolios and are seeking an equity partner to enable them to purchase lots swiftly, refurbish and refinance them. The equity raised is to be recycled into new lots over a period of 3 years at the end of which the equity will be returned with a minimum look back IRR of 25%.
Investment amount: £5-10 million
Projected annual IRR: 25%
Term: 3 years
Requirement: £5m to £10m over 3 years
Security: first charge over properties at max LTV of 70% (OMV)
Contact: James Thomlinson (james@redchilli.com / 020 7780 6563)
For more detailed information on all the current opportunities
download the full PDF document below.
(PDF 1.8MB)
For more information on these or any other details please contact us at 0845 210 5000 or info@redchilli.com
Red Chilli Structured Finance, Minories House, 2-5 Minories,
London EC3N 1BJ,
United Kingdom
