Whitechapel, London E1
Bridge and senior debt facility to fund the refinancing and development of a former job centre in close proximity to the city of London. The property address is 13-29 Settles Street. It benefits from planning permission to be converted to B1 office use and, on completion, will provide 24,926 sq ft of office space.
The borrower is a third generation property investor who has built up substantial property development and investment experience over a period in excess of 30 years, and established a vast property empire which continues to grow under the ownership of the various descendant families.