Whitehall Capital has provided a £1.5m bridging loan secured against a £2.3m purchase of a portfolio of six residential flats in St Mark’s Square, Bromley. The loan was provided at a 65% LTV for 12 months and was completed in two weeks.
The St Mark’s Square development features 200 new homes, a 130-bed Premier Inn hotel, a nine-screen VUE cinema, and nine restaurants.
Anthony Bodenstein, managing director at Whitehall Capital (pictured above, third from left), said: “Whitehall Capital is pleased to have been involved in arranging the exit finance on this high-quality new-build in Central London and is grateful to both Craig Mullen and Avi Barr at BBS Law in London for their hard work and speed in turning everything around.”
Recently, the specialist bridging financing fund, Whitehall Capital, has also completed loans on residential development in Peckham and a prestigious business park in the North East. The company is 100% self-funded, leveraging a well-established network of HNW individuals, family offices, hedge funds, and, as required, the wider market.
Whitehall Capital raised £5m of new money from its investors during Q1, adding further liquidity through a £10m bank facility.
Also pictured above, L-R: Christos Kitromilides, Anna Kolesnikova, Stuart Williams, Ruben Chiceportiche, Chris Khoi.