CSBF Capital Partners: Unlocking Value With A Working Capital Loan

By Bridging Loan Directory 22nd November 2023

CSBF Capital Partners have recently completed a loan to provide a bespoke facility for specialist investment manager Riverside Capital for one of their central London portfolios.

Riverside Capital had purchased two assets in the City of London and Farringdon and were aiming to commence development in the next 18-24 months on both sites.

CSBF provided a working capital facility of £3,400,000 against the two assets in order for them to improve the planning and design on both sites ahead of commencing development.

Jourdan Rajwan from CSBF Capital Partners commented:

“It was a pleasure to work with the team at Riverside Capital and support them in their business plans for these two exciting schemes.

The loan was closed in a matter of weeks with both sides and their advisors working together to ensure a smooth completion.”

Nick Kelliher at Riverside Capital said:

“We are delighted to have partnered with CSBF in funding the exciting next phase of our two London Portfolio projects.

The team demonstrated a clear understanding of our strategy to deliver truly market leading office developments, which facilitated a swift and seamless transaction for all. A big thanks to those involved.”

CSBF Capital Partners was represented by Marriot Harrison LLP. Riverside Capital was represented by EMW Law LLP.