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01-28-2019, 09:37 AM #1
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Bridge loan on Real Estate in London
This equity relationship I have just sent me another one. Any ideas for another international one in London?
- Property worth $140mm USD)
- The property was on a mortgage that was settled in December 13th 2018 (Mortgage was serviced by a bank in Australia that is pulling out of UK and therefore the owner paid off the mortgage and cleared the title)
- The company has reached out to Royal Bank of Scotland and was not successful in getting a term sheet.
- Client was able to find financing via Singapore group for
rate 5%
term 36 month
80Million USD - but would take three months to close - as a result didn't work
- Owner is looking for max LTV around 5% interest rate but would only draw 30Million USD. Preferably would like to close in 4 to 5 weeks time due to cash flow reasons.
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02-06-2019, 07:56 PM #2
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- Feb 2019
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I have international investors I would love to take a swing at the file. Let me know if they are still looking!
James St. Cyr
Triumph Solutions LLC
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