In 2022, GRE Capital funded the acquisition of a prime residential block in Islington, London. The borrower, a well-established residential investor, required rapid execution to secure the opportunity.
GRE structured the facility to enable the borrower to complete the acquisition and progress a value-add strategy, including refurbishment and optimisation of the asset. The loan was underwritten at a conservative leverage level, ensuring strong protection for investors.
The strategy was executed successfully, and the loan was repaid through refinancing with a mainstream lender. Investors received full repayment of capital along with strong interest returns.