Cynergy Bank has provided an investment term loan for a property investment group, secured against a multi-asset high street retail portfolio in South London. The portfolio is valued at £32 million and the financing was arranged by real estate finance specialist SHC Capital.
The investment group intends to refurbish the retail units within the portfolio, which are currently fully tenanted and generating income. The loan includes a stabilisation element, allowing for planned refurbishment work while properties continue to generate rental income.
Tony Tadros, director at SHC Capital, noted that the funding will support further investment into high street retail properties and contribute to the regeneration of the surrounding area. This transaction reflects ongoing activity in London's commercial property sector.