ALTERNATIVE REAL ESTATE FINANCE
Mischon Capital can arrange a broad range of innovative structured finance solutions for experienced property professionals and mid market companies, seeking substantial funding for residential investment, refinance and development purposes. We strive to add value by sourcing the optimal funding package for our clients, keeping their specific requirements at the forefront of every stage in the process. We draw on our in-depth knowledge and experience to ensure that no piece of the puzzle is overlooked. This approach keeps the transaction together and ensures a successful financing conclusion.
In all cases, in order to get a full understanding of the project and the clients funding request, we will require:
- High level executive summary of the project
- Details of the corporate structure being used
- Information on the principals
- Details of property, including area & number of units
- If a leasehold; tenancy schedule and lease terms.
- Exit strategy and value assumptions
- Cost assumptions
- Development and sale programme
- Valuation if available
|SENIOR LOANS||DEVELOPMENT||BRIDGING LOANS|
|UK & Mainland Europe||UK & Mainland Europe||UK & Mainland Europe|
|Minimum Loan: £5m||Minimum Loan: £3m||Minimum Loan: £3m|
|Maximum Loan: none||Maximum Loan: none||Maximum Loan: none|
|Term: up to 25 years||Term: up to 36 months||Term: 1 month max 36 months|
|Maximum LTV: 80%||Maximum LTC: up to 90%||Maximum LTV: 75%|
|Rates: from LIBOR +250bps||Maximum LTGDV: up to 80%||Rates: from 0.6% pcm|
|Rates: from 7% pa|
|UK & Mainland Europe||UK & Mainland Europe||Residential/Mixed Use|
|Minimum Loan: £3m||Minimum Loan: £3m||Apartment Blocks|
|Maximum Loan: £100m||Maximum Loan: n/a||Multi Family|
|Term: Up to 25yrs||Term: max 5 years||Portfolio|
|Maximum LTC: 90%||Maximum equity: 80%||HMO|
|Maximum LTV: 85%||PBSA|
RESIDENTIAL FINANCING CASE STUDIES
Residential development of 55 units in Surrey, comprising both apartments and detached properties, with a GDV of £35m.
A stretched senior loan was achieved through a blended facility of £15m senior debt and £4.6m junior debt, capitalising the scheme to 80% loan to cost and 56% loan to GDV.
Portfolio of SW London residential and some commercial assets.
Asset OMV total £46m, with an existing debt facility of £19m.
Portfolio refinancing was achieved at 300 bps over LIBOR at 50% LTV for a period of 10 years, allowing the borrower to redeem the existing facility, and capital raise for business expansion.
A large single unit detached ultra prime property in SW1 purchased for £10m by well known Monaco based HNW developer.
Client sought refinance of existing £5m debt facility, and a further £7m refurbishment finance, to create 4 luxury apartments, with GDV of £18m.