Charles Irvine advises on an equity and debt funding package for the acquisition of a BTR site in the South East

Equity and debt package fuels BTR project with £200M GDV.

Charles Irvine has arranged, on an exclusive basis, a funding package for the client enabling its acquisition and the progression of planning for a new large-scale Build to Rent (BTR) scheme. The end value of the completed project, once built, is expected to be in the region of £200m.

The equity was committed by one of Charles Irvine’s partner family offices and the debt finance was provided through a bridge loan from a UK private debt lender which has completed over £500m of transactions since 2014.

The client is a London based real estate developer and operator, specialising in living assets. Charles Irvine continues to work closely with the client to support its strategy of delivering approximately 2,000 BTR units.

Marcus Perry, Partner at Charles Irvine, commented: “It was a pleasure to work closely with the client as its exclusive capital advisor on this transaction, supporting a proven developer and operator in BTR assets. Our equity relationships proved instrumental in getting the deal over the line and we also ran a comprehensive process to secure competitive debt terms in the market for our client and a number of lenders were left disappointed to not have proceeded with us on the transaction. We have a deep knowledge of active participants and pricing for debt transactions across the asset classes.”

David Cunnington, Managing Director and Founder of Charles Irvine, further commented: “ We are delighted that one of our partner family offices committed a significant equity investment to a valued client. Our point of difference, when compared to many of our competitors, is our ability through our extensive relationships to access the real estate equity capital markets dominated by family offices. Often very private and secretive, we hold a privileged position as a capital adviser when clients are seeking both equity and debt funding for their projects. We look forward to introducing further capital to the client’s projects and other clients in this way.”