Our client is an experienced residential investor firm looking to purchase distressed residential portfolios at 35% - 40% discount to Open Market Value with rental income in excess of 10% of purchase price. He is looking for an equity facility to allow him to purchase such portfolios speedily. He will then refinance the portfolios at 65% OMV within 3 to 6 months thereby enabling the equity to be drawn back out and reinvested into the next opportunity.
Investment amount: £3 million
Projected annual IRR: 25%
Term: 3 years
Requirement: £3m over 3 years attracting a minimum look back IRR of 25%.
Security: first charge over properties at max LTV of 65% (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.
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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
