Karis Capital facilitates £12 Million loan to refinance expansive mixed-used portfolio in North London

Leading real estate debt advisory, Karis Capital, has successfully completed a £12 million deal for an eminent international investor, seeking to secure a quasi-commercial investment loan to raise capital on a large industrial unit in North London. The scheme is set to transform the site into an impressive residential development, comprised of purpose-built student accommodation, an extensive leisure centre and a state-of-the-art hotel.

Karis’ client, a foreign investor was looking for a facility that would support his long-term financial strategy and ambitions of refinancing a multi-purpose portfolio, seeking a loan that would be income producing while he waited to obtain planning permission to develop the project over the next three to five years. 

Karis Capital’s expert associate broker, Dan Bassalian, stepped in to curate a hand-crafted facility that seamlessly adapted to the client’s long term financial plan, creating a bespoke loan type that other lenders had failed to offer due to the investors’ unfaltering specifications and firm financial strategy.

Karis Capital successfully put the client in touch with an alternative asset management fund, securing the deal for a £10.26 million loan at a 4.5% + BBR interest rate and 60% LTV, including the option to withdraw an additional £2 million. Dan Bassalian also ensured the ability to extend the investment facility by an extra two years if the client wishes to hold the asset for longer than the three years initially agreed upon.

Dan Bassalian, Associate at Karis Capital, commented: “Securing this facility holds testament to how the team at Karis Capital will always go above and beyond to meet clients’ needs and expectations, regardless of how challenging or complex they may seem.”

“When the client came to us with no prior experience of investing in UK property I understood he needed our full dedication and support, especially after being let down by other lenders who were unwilling fulfil the long-term financial strategy necessary to bring this multi-purpose project to fruition.”

“I am thrilled we were able to deliver this facility without having to compromise on the client’s expectations, it’s an ethos we carry into all our extensive business relationships, ensuring the client’s need are fully supported and prioritised from start to finish.”

Having only started his role of associate broker towards the end of last year, Dan Bassalian’s successful delivery of this loan not only represents a massive stride so early on his career, but it also reflects Karis Capital’s unfaltering ability to navigate unique and complex financial situations by crafting the best possible deal for every client in question.

Nicholas Christofi, CEO and co-founder of Karis Capital,commented: “We are delighted to have invaluable members of the team such as Dan who has taken to his role with such swift and outstanding efficiency. Associates like Dan epitomise the true value of consulting with a broker rather than going directly to a lender. When approaching any of the brokers or advisors here at Karis you will always be met with highest quality service from expert individuals who will create possibilities instead of closing doors.”

Karis Capital’s service offerings have seen their real estate finance team work alongside leading prime property developers and across a number of high-profile projects in recent years. Karis’s unrivalled hands-on experience helps guide their clients to the best rates and lenders in the markets while also pursing maximum returns, building long-standing relationships with finance leaders, valuers and lawyers to ensure smooth transactions throughout.

For further information on Karis Capital and its service offering across the UK visit wwwkariscapital.co.uk or contact Tel: +44 (0)204 553 3000 or Email: [email protected]