Spring Project
Fit out, Offices, Value-Add
Second charge: Rate 22.00%
High level summary
Invest in a unique fit-out project in the South East, transforming existing office space into film production studios with a projected exit value of £40 million. The project offers an attractive income of £6.2 million over six months from short-term leases, with plans to secure long-term leases thereafter. With a total funding requirement of £27,259,640 and a 24-month timeline, the project boasts a healthy profit margin of 31.9% and an alternative exit strategy via PD scheme resale valued between £40 million to £50 million. Key benefits include high leverage with a total loan to cost of 97.5% and favorable senior LTV of 66.4%. Investors should note the 50% personal guarantee for the second charge loan and review the site's planning status and acquisition negotiations. The scale is considerable, with 168,982 sq.ft. of NIA and a strong commitment from the deal provider at 2.5%.
Next steps
1. Sign In for Free
Sign in to see more about this investment opportunity. You'll see project costs, strategy, build stages, financing requirement and more.
2. Engage with the Sponsor
Next sign an electronic NDA to see more confidential information including location, the developer and other project details.
3. Select Service
Finally, choose from one of our services. Invest directly and do your own due diligence, or let our Local Partners do the heavy-lifting and guide you from start to finish.
Self Managed
Handle the investment yourself.
Enter into contact directly with the Deal Provider. Perform own due diligence and monitoring.
Recommended for investors with in-house resources.
Managed Service
Get assigned a Local Partner to act as your advisor.
Advised pre-investment through to deal completion. Receive regular updates and monitoring.
Effortless independent advice from a professional aligned with your interests.
4. Decision & Investment
Regardless of the service you choose, we'll support you through to investment. You'll work directly with the Deal sponsor and your investment will be into an SPV that holds all and only the project assets.
5. Exit
Projects typically last 18 months on average. On exit the project is either sold or refinanced. Capital and interest or profit is returned to you and the other investors.
