On Site in Dalston: Capital Deployment in Urban Residential Projects
Executive Summary
- check_circleLTV Target: Maximum 65% against Gross Development Value.
- check_circleProject Status: Structural frame complete; internal fit-out commencing.
- check_circleExit Strategy: Refinancing to term debt upon practical completion.
The Dalston project represents a strategic deployment of capital into East London's resilient residential market, demonstrating Farringdon Portfolio's commitment to structured lending in high-demand urban centers.
A Structured Loan Facility
Our approach to the Dalston development involved a bespoke Senior Debt facility designed to support the developer through the complex mid-stages of construction. By structuring the drawdown phases in tight alignment with the project manager's timeline, we ensured capital efficiency while strictly managing our exposure.
"Disciplined underwriting is the cornerstone of our strategy. In Dalston, we saw an opportunity to provide liquidity where traditional lenders hesitated, backed by a robust underlying asset value."
Urban Regeneration in East London
Dalston continues to be a focal point for targeted urban regeneration. The underlying demand for quality residential units in this borough remains strong, underpinned by excellent transport links and a vibrant local economy. This project aims to deliver 45 modern apartments, contributing significantly to the local housing stock while targeting strong risk-adjusted returns for our investors.
Through careful monitoring and regular site visits, our team ensures the project adheres to the highest standards of construction and cost management.
Project Snapshot
- Asset Class
- Residential
- Asset Type
- Development
- LTV Tolerance
- 65% GDV
- Location
- Dalston, London
Frequently asked
questions.
A bespoke Senior Debt facility, with drawdown phases aligned to the project manager's construction timeline to balance capital efficiency against exposure.