Centrus advises on £6.7m development funding facility for Broadland St. Benedicts

Transaction Overview

Centrus advised Broadland St Benedicts Limited (“BSB”) on the development funding of 55 high quality new residential units from February 2019 as part of the Canary Quay Scheme at Norfolk.

The Real Estate development is located on the north bank of the River Wensum near Norwich City Football’s grounds. The site is on a sustainable location and it is a key regeneration opportunity for the city to deliver new housing.

The Centrus team was appointed by BSB to raise £6.7m of development funding. The opportunity was showcased through a detailed funding prospectus and attracted substantial interest from development funding lenders.

The competitive process was met with positive responses from the existing relationship banks and from a range of new prospective lenders, enabling BSB to select an optimally priced and structured facility.

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