Aldermore

Aldermore provides £5m refinance facility to Quintain subsidiary



Aldermore has provided a £5m 10-year, interest-only commercial residential investment refinance facility to Quintain Alto Residential Limited, a subsidiary of Quintain

The residential developer owns 13 apartments in Wembley Park’s Alto building, a development completed in 2017.

The apartments are privately let and managed by Wembley Park Residential, Quintain’s private sales and lettings management team.

Warren Harrocks, principal at Heron Financial, advised the developer and worked alongside James Maunder Taylor, head of finance advisory at Crestbridge Property Finance.

James recommended Aldermore for the financing, as it would consider a lower debt quantum and offer flexibility and service.

“I have worked with [the bank] for many years, as the team can always be relied upon to take a commercial approach and deliver quickly; they were the perfect fit to meet Quintain’s requirements for this deal,” James said.

Caroline Baker, lending manager at Aldermore, added: “This financing demonstrates our ability to work with large developers to provide them with the bespoke facilities they need. 

“We are delighted to be working with Quintain and to have been involved in such a high-profile scheme. 

“We worked hard to provide competitive terms which suited [its] requirements and were able to turn the deal around swiftly.”


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