{"id":1158,"date":"2022-12-09T13:36:41","date_gmt":"2022-12-09T13:36:41","guid":{"rendered":"https:\/\/mackenziebyrne.co.uk\/?p=1158"},"modified":"2022-12-09T13:36:41","modified_gmt":"2022-12-09T13:36:41","slug":"atelier-and-mackenzie-byrne-complete-1-6m-loan-for-berkshire-development","status":"publish","type":"post","link":"https:\/\/mackenziebyrne.co.uk\/?p=1158","title":{"rendered":"Atelier and Mackenzie Byrne complete \u00a31.6m loan for Berkshire development"},"content":{"rendered":"<p><strong>Atelier and Mackenzie Byrne complete \u00a31.6m loan for Berkshire development<\/strong><\/p>\n<p><em>By Kit Million-Ross<\/em><\/p>\n<p>Development lender Atelier and broker Mackenzie Byrne have completed a \u00a31.6m loan for a three-home development in Maidenhead, Berkshire.<\/p>\n<p>Atelier provided a 70% LTGDV facility to fund 100% of the build cost and more than half of acquisition costs.<\/p>\n<p>Mackenzie Byrne then sourced investor equity that, combined with Atelier\u2019s facility, covered 97% of the client\u2019s total costs.<\/p>\n<p>Rav Kudhail, lending manager at Atelier, commented: \u201cAt Atelier we pride ourselves not just on the precision and suitability of the finance we provide, but also on the strength of the relationships we form with developers and intermediaries.<\/p>\n<p>\u201cCollaboration, partnership, and respect underpin those relationships, and all three came to the fore as we worked successfully with Mackenzie Byrne to help a local developer build three much-needed new homes in Maidenhead.<\/p>\n<p>\u201cThis was the first facility we financed together, and it won\u2019t be the last.\u201d<\/p>\n<p>Joshua O\u2019Leary, director of development and structured finance at Mackenzie Byrne, added: \u201cWorking with Atelier has been an excellent experience.<\/p>\n<p>\u201cOne challenge with this deal was its length: it took about seven months to complete, due to the vendor having chain issues.<\/p>\n<p>\u201cAtelier showed patience and tenacity to get the deal over the line.&#8221;<\/p>\n<p>Published by <em>Development Finance Today<\/em>, 25th October 2022<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Atelier and Mackenzie Byrne complete \u00a31.6m loan for Berkshire development By Kit Million-Ross Development lender Atelier and broker Mackenzie Byrne have completed a \u00a31.6m loan for a three-home development in Maidenhead, Berkshire. Atelier provided a 70% LTGDV facility to fund 100% of the build cost and more than half of acquisition costs. Mackenzie Byrne then [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1159,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-1158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Atelier and Mackenzie Byrne complete loan for Berkshire scheme<\/title>\n<meta name=\"description\" content=\"Read about Atelier and Mackenzie Byrne&#039;s completion of a \u00a31.6m loan for three new family homes in Maidenhead.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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