KEY HIGHLIGHTS
PROPERTY: Mixed-use property in Chelsea
LOAN AMOUNT: £13,250,000
LOCATION: UK
LOAN TERM: 21 months
Tenn was approached by a client who required funding for a property that required refinancing and development assistance in Chelsea. The property was a complex structure and included both residential and commercial elements, which made the funding process even more intricate. The project was spread across different jurisdictions, and the client needed help with share pledges, guarantees, and legal opinions on the entities involved.
To fund the project, Tenn’s Co-Funder base was used. The Tenn team led the facilitation of the deal, working with various third parties in each location to ensure that the project was completed successfully. The team provided support and guidance throughout the transaction, which was crucial in enabling the completion of the deal. They also ensured that all legal and regulatory requirements were met, which helped the client to achieve their objectives.
As with all our cross-jurisdictional transactions, the Tenn team was committed to delivering the best possible outcome for the client. The team’s expertise and experience were invaluable in navigating the complexities of the project, and they were able to provide the client with the best possible financing solution.