In 2021, GRE Capital provided a senior loan to support the acquisition of a residential development site in St Albans. The borrower was an experienced developer seeking to capitalise on the strong demand for housing in the commuter belt around London.
GRE’s facility allowed the borrower to secure the site swiftly and progress planning enhancements. The transaction was structured conservatively, with a focus on protecting downside risk while enabling the sponsor to deliver value through the planning process.
The loan was repaid in full following the borrower’s successful refinancing, with investors receiving strong risk-adjusted returns.