“As Prime Central London experiences a gap between values and debt availability, we will continue to leverage Euroterra Capital’s support to enable them to unlock unique development opportunities and restructure challenging situations”
– Tony Tadros – SHC Capital
Real estate finance specialist SHC Capital has arranged a revolving credit facility to enable the developer Euroterra Capital to expand its portfolio of Prime Central London properties.
The facility, which is secured against more than £30m of residential and retail assets owned outright by Euroterra, will give the developer the freedom and flexibility to create more luxury homes in London’s most sought-after postcodes.
Euroterra Capital has already acquired and developed dozens of residential and retail schemes in the ‘super-prime’ W1 and W2 postcodes near London’s Hyde Park. The revolving credit facility, which is secured against more than £30m of Euroterra’s existing portfolio, will bolster Euroterra’s significant cash reserves and enable the developer to seize and realise more investment opportunities as the capital’s Prime market recalibrates.
The facility was structured by SHC Capital, the real estate finance specialist which has secured more than £100m in finance for Euroterra during a decade-long partnership with the developer.
“We have transacted over £100m with Euroterra Capital, and they are first-class operators with the ability and liquidity to move quickly,” said Tony Tadros, director at SHC Capital.
“As Prime Central London experiences a gap between values and debt availability, we will continue to leverage Euroterra Capital’s support to enable them to unlock unique development opportunities and restructure challenging situations,” Tadros added.
“We have the track record, liquidity, and ability to unlock any complex situation where we see value,” said Pantazis Therianos, chief executive of Euroterra Capital. “Our focus is on acquiring well, adding value, and determining the right time to sell, while working exclusively with SHC Capital to identify and resolve special situations that require flexible capital.”
“We have worked with Tony and his team for over 10 years, and the trust is there to pursue more complex transactions, bringing together our expertise and capital,” Therianos explained.
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