JLL Residential

United House - Funding

United House - Funding

Client: United House
Project Type: Development finance

Summary

  • The project was structured as a joint venture between United House and the Business Design Centre
  • The proposed scheme consisted of 308 private residential apartments, 47 affordable homes and 115,000 sq ft of commercial accommodation. This accommodation was split over a linear building at podium level plus two 22 storey towers
  • JLL introduced the borrower to a variety of lenders and was able to create pricing tension within the market. This enabled the client not only to secure favourable pricing terms but also to structure the loan as a revolving credit facility not typically available in today’s market
  • Debt quantum: c.£90m
  • LTC: c.65%