ZSL Capital completes a mezzanine loan in Tunbridge Wells further enhancing its exit bridge loan book
6th August 2019
ZSL Capital completed a mezzanine loan facility within six working days since receipt of the enquiry, expanding its exit bridge presence in the market, towards a completed conversion of an old building that has been converted into seven flats in Tunbridge Wells. The development offers a range of 2-bed and 3-bed apartments in an excellent location, close to amenities and travel routes, as part of an attractive 4-storey building. The funds released equity to the borrower to assist in securing another development project.
Theo Theodosiadis, Head of Investment and Risk analysis at ZSL Capital, said: “I’m genuinely happy for the ZSL team to have completed the exit bridge loan in Tunbridge Wells so swiftly, considering the legal points that needed immediate resolution. A good asset, in an attractive location, with an experienced developer who we are looking forward to do more business with.”
ZSL were represented by Gary Richardson and Louise Kelly at Freeths LLP. Thanks to Sam Le Pard of Arc & Co for introducing the deal.