Topland Vintage Group, one of the UK’s largest privately owned investment groups, has completed a £14m senior loan facility secured against a 7,800 sq. ft duplex penthouse apartment in Mayfair.
The 18-month facility has been structured competitively with a loan-to-value covenant of 60%. Unlike a number of private banking options which had been presented to the borrower, there was no requirement for any further collateral, with the deal progressing to completion through Topland’s streamlined credit process within 4 weeks.
The deal reinforces the Group’s position as a market leader in the alternative funding space, providing flexible funding solutions across the full capital stack, covering Senior finance facilities through to preference equity positions.
Over the last 12 months, Topland’s structured finance division has funded £200m of loans with a further £100m in the pipeline at a progressed stage. The Loan book covers a broad range of sectors including prime central London residential, hotels, industrial and essential retail.
Anish Vora, Structured Finance Senior Manager at Topland, said: “Being able to utilise our in-house experience and expertise within the prime central London markets enabled us to provide an ultra-competitive and flexible funding solution to our client. Looking ahead to the second half of the year the Group is very well positioned to execute our business plan and deploy against a strong pipeline of quality real estate assets.”
