Monday, March 20, 2023
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£11.5m refinancing of converted office block secured for complex ownership structure
Silbury provides additional £33 million loan for 292-home Old Kent Road residential scheme, taking total facility to £101 million
Construction starts on £140m 24-storey Battersea tower
Magnet Capital has its lending criteria as part of the firm’s continued growth strategy for 2023. The changes include increasing the largest facility amount to £2.5 million up from £2 million.
The lender has also widened its geographical range to include additional regions in the north of England, as well extending its reach further into Cornwall. The firm’s lending geography now covers all of southern England and part of South Wales. Magnet Capital specialises in small residential construction projects including new builds, conversions and refurbishments.
Ashley Ilsen said: “Building a loan book based entirely on development finance is no mean feat but our experience and know-how in this market continues to put us in an exceptionally strong position and sets us apart in what is already a very busy space.”
Call Trinity Specialist Finance to secure funding on 020 7016 6151 or book a consultation
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