UK developer scores £76M Forward Commitment

Captima tapped by a specialist regeneration developer established by experienced property investors to provide a range of financing alternatives. Captima identified a range of debt, equity, joint venture and sale alternatives and, following a competitive process, worked closely with the development team to tailor an agreement with an Investment Fund for delivery of a new, high-quality 770-bed student accommodation scheme in Coventry city centre. The 24,500 sqm development has been pre-let to Coventry University as part of the University’s ambitious and long-term plans to expand its educational and campus facilities.

Deal: £76M Forward Sale

UK developer bags £23M Construction Loan

Captima masterminded the delivery of a £23 million construction loan in a market devoid of construction debt to enable the delivery of a 650 unit purpose built student accommodation project. Captima exceeded all expectations in a painstaking negotiation and diligence process that ultimately resulted in a deal at 73% LTC priced at 275 bps over base.

Deal: £23M senior construction loan

GDV: £37M

Captima structures £22M Construction funding

Captima appointed to structure debt and equity for site acquisition and construction of student accommodation. Captima quickly identified a bank prepared to advance a high percentage of construction costs as well as treat site deferred purchase as equity. The Captima brokered deal featured high gearing and a low interest cost of 350 bps over LIBOR which converts to an investment loan priced at 250 bps over LIBOR.

Deal: £22M Construction Loan

GDV: £43M