SHC Capital arranges multi-stage bridging loan for £23m London office redevelopment

The bridging facility enabled an experienced private investment group to acquire four office freeholds in the City of London.

The finance has been structured to evolve with the project as it moves through a comprehensive refurbishment phase, before maturing into a stabilisation facility.

The investment group, which is part of a wider property investment company with a significant mixed-use portfolio, aims to double its current £100m-worth of office assets under management within two years.

The transaction was completed with legal support from Glovers LLP.

Tony Tadros, director at SHC Capital, commented: “This is a first-class property investment group that’s an integral part of a wider organisation with a significant mixed-use portfolio.

“This transaction presented a number of complexities; the assets formed part of a much larger estate, the timeframe was compressed and we had to structure a facility that would evolve with the project’s redevelopment.

“We are delighted to have achieved a successful outcome and would like to commend Darren Smith, partner at Glovers LLP, whose expertise and proactive approach were instrumental in ensuring the deal was delivered exactly on time.”

Darren added: “This was a complex transaction that required a swift, solution-focused approach to meet a demanding timeline.

“It was a pleasure working with the team at SHC Capital, as their precision was critical in ensuring the transaction completed successfully and on schedule.”