September, 2020

Halkin Finance (HF) were approached by senior partners of an established developer in the home counties to assist in financing the interest costs and vendor payments on their projects effected by Covid-19.

Due to the slowdown in sales effected by the pandemic. The developer required a facility to cover the interest due on the development finance loans.
As the projects were already 70% complete, HF with the assistance from our UAE office were able arrange a facility from a Middle East institution for £2M.
The facility via loan note structure helped the developer to complete their live developments and fully repay the development finance cost.

Power in Numbers

£2M

Senior Facility

Mezzanine Debt