A UAE-based ultra-high-net-worth family has secured a £24.4m loan against a 16,300 sq ft residential freehold in Belgravia, central London.
Structured at 60% loan-to-value, the bespoke, competitively priced, 18-month facility enabled the family to refinance an existing loan from a private bank, which was funded entirely from Topland’s own balance sheet.
The transaction was introduced by Mantra Group, part of financial and real estate advisory group BTG.
Anish Vora, part of the structured finance team at Topland, said: “Prime central London remains a core market for us, and this transaction reflects our conviction in the sector.
“As we lend from our own balance sheet, we move with speed and certainty and will structure around the specific needs of the borrower – in this case a bespoke facility that met the client’s refinancing objectives from start to finish. We have built a strong working relationship with Mantra over the past couple of years and look forward to continuing this collaboration.”
Nimesh Sanghrajka, managing director of Mantra Group, added: “Prime central London debt transactions require a reliable and pragmatic capital partner.
“Together with Topland, we have worked hard to understand the needs, capabilities and financial structure of our client in order to deliver what is best value for them going forwards. Topland gave our client complete confidence in its ability to deliver, which is a testament to their expertise, market knowledge and conviction within this sector.”
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