ZSL Capital delighted to close on development facility for £8.65m GDV project in Essex.
ZSL Capital completed on a mezzanine development facility for a 23 unit scheme near Billericay, Essex. The new build scheme on the site of a former entertainment venue provides for a mix of apartments, semi-detached and detached dwellings and has a projected GDV of £8.65m.
The transaction was introduced by Dean Brown of Aureum Finance, who worked tirelessly to coordinate the various parties to ensure a smooth process through to completion.
“This is a great scheme which we are delighted to be involved in, bringing a good mix of well priced accommodation to the market,” commented co-founder and CEO at ZSL Capital, Daryl Thorpe. “The sponsor is a highly experienced developer with a track record of delivery. All parties worked efficiently and effectively to bring this all together and my thanks goes to those involved.”
ZSL were represented by Gary Richardson at Freeths LLP.