Completed transaction
£443k retail investment purchase
Harrow, London
Owner-funded bridging finance supporting the acquisition of a freehold retail investment with redevelopment potential in a prominent London town centre.
£443k Facility • 65% LTV • First Charge • 6 Month Term
Transaction overview.
The opportunity
Funding a retail investment with multiple value drivers.
The borrower required a £442,500 owner-funded bridging facility to acquire a freehold retail investment on Station Road, Harrow.
The property generated immediate commercial income while also presenting opportunities for refurbishment and future redevelopment, creating both short-term income and longer-term asset enhancement potential.
Our approach
Looking beyond the headline rental income.
Our assessment considered the property’s location, underlying freehold value, future redevelopment potential and the proposed tenancy structure.
Although the tenant was newly incorporated and the valuer noted that the passing rent exceeded current market rent, we were satisfied with the overall quality of the security, the property’s long-term prospects and the borrower’s investment strategy.
With lending at approximately 65% loan-to-value, the facility provided appropriate security while enabling the acquisition to proceed with confidence.
Outcome
Delivering certainty on a commercial investment.
The completed £442,500 facility enabled the borrower to complete the purchase of a well-located freehold retail investment with both immediate income and future redevelopment potential.
The transaction demonstrates our willingness to assess opportunities on their commercial merits, considering both current performance and the scope to create additional value over time.
Transaction highlights
- £442,500 facility
- £685,000 property value
- 65% LTV
- Freehold retail investment
- Existing commercial income
- Redevelopment potential
- First Charge security
- 6-month facility
Why we backed this opportunity.
Prime retail position
Located on Station Road, Harrow, close to transport links and the town centre retail core.
Asset enhancement potential
The property offered opportunities for refurbishment and future redevelopment in addition to its existing commercial income.
Strong security
A conservative 65% loan-to-value ratio, supported by a first legal charge, provided a well-secured lending position.
Commercial judgement
The transaction was assessed on the strength of the underlying asset and long-term investment potential rather than relying solely on current rental metrics.
Every opportunity is assessed on its own merits.
This completed transaction is provided as an example of the types of opportunities we support. Every enquiry is assessed individually, taking into account the security, borrower, exit strategy and overall commercial merits of the transaction.
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