Tenn Capital is pleased to announce the closing of a £45 million senior club financing facility supporting Fenton Whelan's development of an exceptional private residence on London's Belgrave Square.
The transaction was arranged by Tenn Capital alongside a select club of lenders, anchored by an institutional partner.
Earlier this year, Tenn Capital announced its expansion into commercial real estate lending, complementing its three established lending pillars of fund finance, structured credit and international residential real estate lending.
Christian Mathews at Tenn Capital commented:
"It has been a pleasure to support Fenton Whelan, a first-class sponsor, on what we believe will be one of London's finest private residences, and to work alongside our fellow lenders.
The transaction required a tailored approach to financing, reflecting the particular requirements of the development and its sponsor.
We see real opportunities in supporting high-quality real estate projects where strong sponsorship and a relationship-led approach to lending come together. These are precisely the opportunities Tenn Capital is looking to support."
The transaction reflects Tenn Capital's commitment to providing flexible, relationship-led financing solutions for high-quality real estate assets and experienced sponsors.