Mackenzie Byrne and Fiduciam complete £2.5m development loan

By Bridging Loan Directory 18th July 2024

Development finance brokerage Mackenzie Byrne and senior lender Fiduciam have completed a £2,568,000 loan to fund a new build development in Berkshire.

At 64% LTGDV, the facility will enable Mackenzie Byrne’s client to build three luxury family homes in the beautiful village of Winkfield.

The completed development will have a GDV of £4m.

Joshua O’Leary, Director, Development & Structured Finance at Mackenzie Byrne, said:

“This is the fourth deal we’ve completed with Fiduciam.

We continue to bring this lender business as we’ve found them uniquely commercial, with an impressive ability to find solutions to the inevitable problems that arise on these sorts of deals.

This one was no different and I am really pleased to have built on an already excellent relationship, which I’m sure will continue to grow stronger.”

Oliver Feather, Real Estate Debt Associate at Fiduciam, said:

“Fiduciam is delighted to have completed another deal with Mackenzie Bryne.

The transaction had its complexities, however, Josh provided great guidance and excellent communication.

On to the next one!”