SHC Capital has arranged an investment term loan from Cynergy Bank for a property group undertaking a refurbishment and regeneration programme across a £32 million South London retail portfolio.
The facility will support investment in a number of fully let, income-producing high street retail units, with part of the financing structured to provide for stabilisation.
SHC Capital said the transaction involved complex structuring requirements and was completed to a demanding timetable. The size of the loan was not disclosed.
FUNDING TO SUPPORT REFURBISHMENT
Tony Tadros, director at SHC Capital, says: “The structuring requirements for this investment term loan were complex and the completion timetable was demanding, but in partnership with Cynergy Bank we did it.
“For me, the real success isn’t just the deal we structured. It’s what the funding will unlock – further investment into a number of high street retail properties and a boost for the regeneration and improvement of the surrounding area.”
Tadros also credited the lender and professional advisers involved in completing the transaction, including Kirpal Kaur of Mishcon de Reya.
Ravi Sidhoo, managing director at Cynergy Bank, says: “This was a complex transaction that required a commercial and solutions-focused approach.
“Led by Bryan Hawkins, our team worked closely with SHC Capital and the wider professional team to navigate the structuring requirements and complete the transaction within a demanding timetable.
“The transaction demonstrates the value of working collaboratively to understand a borrower’s requirements and develop an appropriate financing solution. We remain keen to support experienced borrowers on well-structured real estate transactions.”
Bryan Hawkins, relationship director at Cynergy Bank, says: “Cynergy Bank’s experienced in-house team worked closely with SHC Capital to deliver the transaction against an exceptionally tight timetable.
“It was a genuine collective effort, and the constructive approach adopted by the borrower, SHC Capital and the wider professional team enabled us to resolve complex issues quickly, maintain momentum and complete successfully.
“We greatly appreciate the confidence placed in Cynergy Bank and look forward to building a strong and lasting relationship from here.”
