Topland Vintage has provided a £24.4m senior loan facility to a UAE-based ultra-high-net-worth (UHNW) family secured against a freehold 16,300 sq ft residence in London’s Belgravia.
The 18-month facility, which was introduced by Mantra Group, was structured at 60% loan-to-value (LTV) and enabled the family to refinance an existing loan from a private bank.
Topland’s Anish Vora said: “Topland is committed to providing competitive real estate financing solutions secured against high quality assets. Prime Central London remains a core market for us, and this transaction reflects our conviction in the sector. As we lend from our own balance sheet, we move with speed and certainty and will structure around the specific needs of the borrower. In this case, a bespoke facility that met the client’s refinancing objectives from start to finish. We have built a strong working relationship with Mantra over the past couple of years and look forward to continuing this collaboration”
Nimesh Sanghrajka, managing director of Mantra Group, added: “Prime Central London debt transactions require a reliable and pragmatic capital partner. Together with Topland we have worked hard to understand the needs, capabilities, and financial structure of our client in order to deliver what is best value for them going forwards. Topland gave our client complete confidence in its ability to deliver, which is a testament to their expertise, market knowledge and conviction within this sector.”
