Overview
Following its recent successful placing, Real Estate Credit Investments is pleased to announce that it has made a new GBP20m loan commitment as part of an overall Cheyne transaction providing a senior facility secured against a high quality residential development asset in central London. The conservative Loan to Gross Development Value (LTGDV) is under 50% and the investment IRR provides attractive economics in line with the Company’s target returns. Due to the strength and depth of Cheyne’s deal pipeline, RECI remains well placed to take advantage of upcoming opportunities in both the loan and structured credit markets.
RECI : Real Estate Credit makes new investment