M7 Capital (M7C) has provided a circa £16.3m loan to Willow Nominees on behalf of its UK debt fund TREC II, secured against two retail parks and a shopping centre.
The properties, which are located in Manchester, Inverurie and Wrexham, are managed by David Samuel Properties, a specialist purchaser of commercial real estate assets across the UK.
Hugh Fraser, CEO of M7C said: “This loan builds on our existing relationship with David Samuel Properties, an established business with a hands-on approach to asset management and generating value. This loan is secured against three fully let retail assets in strong catchment areas which offer modern space to a strong line up of occupiers.”
Andrew Berkeley, managing director at David Samuel Properties, added: “We are pleased to have completed our fifth deal with M7 Capital on a portfolio with such a diverse blend of high-quality income. As always we are grateful to the M7 team and our finance broker, GDP Funding, for their professionalism throughout the transaction and look forward to expanding our relationship on future deals.”
