{"id":1530,"date":"2024-04-30T13:24:38","date_gmt":"2024-04-30T13:24:38","guid":{"rendered":"https:\/\/mackenziebyrne.co.uk\/?p=1530"},"modified":"2024-04-30T13:24:38","modified_gmt":"2024-04-30T13:24:38","slug":"mackenzie-byrne-completes-100-ltc-south-london-deal","status":"publish","type":"post","link":"https:\/\/mackenziebyrne.co.uk\/?p=1530","title":{"rendered":"Mackenzie Byrne completes 100% LTC South London deal"},"content":{"rendered":"<p class=\"brief\">Mackenzie Byrne has sourced a \u00a34.06m debt and \u00a3750,000 equity deal for a developer client that will cover 100% of project costs.<\/p>\n<p class=\"brief\">The \u00a34.06m facility will enable Mackenzie Byrne\u2019s client, Mac Group, to build nine new flats in Gipsy Hill, South London, with a GDV of \u00a35.8m.<\/p>\n<p class=\"brief\">Zorin Finance is providing senior debt at 70% LTGDV with an annual interest rate of 7.5% over SONIA, while an investor in Mackenzie Byrne\u2019s network is funding the remaining project costs.<\/p>\n<p class=\"brief\"><strong>Sean O\u2019Leary, founder of Mackenzie Byrne, said<\/strong>: \u201cCompleting any development finance deal in this market is a challenge, let alone a structured deal at 100% LTC.<\/p>\n<p class=\"brief\">\u201cI\u2019m very pleased we could achieve this for Mac Group, a valued long-term client with whom we\u2019ve completed multiple deals.\u201d<\/p>\n<p class=\"brief\"><strong>Mark McElduff, director at Mac Group, said<\/strong>: \u2018Once again, we really appreciated Mackenzie Byrne\u2019s assistance on this deal.<\/p>\n<p class=\"brief\">\u201cHigh leverage finance is indispensable to our ambitious plans to grow our development business and build more homes.&#8221;<\/p>\n<p class=\"brief\">Originally published by <a href=\"https:\/\/developmentfinancetoday.co.uk\/article-desc-10137_Mackenzie%20Byrne%20completes%20100%20percent%20LTC%20South%20London%20deal\"><em>Development Finance Today<\/em><\/a> on 4th April 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mackenzie Byrne has sourced a \u00a34.06m debt and \u00a3750,000 equity deal for a developer client that will cover 100% of project costs. The \u00a34.06m facility will enable Mackenzie Byrne\u2019s client, Mac Group, to build nine new flats in Gipsy Hill, South London, with a GDV of \u00a35.8m. Zorin Finance is providing senior debt at 70% [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1526,"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-1530","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>Mackenzie Byrne completes 100% LTC South London deal - Mackenzie Byrne<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mackenziebyrne.co.uk\/?p=1530\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mackenzie Byrne completes 100% LTC South London deal - Mackenzie Byrne\" \/>\n<meta property=\"og:description\" content=\"Mackenzie Byrne has sourced a \u00a34.06m debt and \u00a3750,000 equity deal for a developer client that will cover 100% of project costs. The \u00a34.06m facility will enable Mackenzie Byrne\u2019s client, Mac Group, to build nine new flats in Gipsy Hill, South London, with a GDV of \u00a35.8m. Zorin Finance is providing senior debt at 70% [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mackenziebyrne.co.uk\/?p=1530\" \/>\n<meta property=\"og:site_name\" content=\"Mackenzie Byrne\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-30T13:24:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mackenziebyrne.co.uk\/wp-content\/uploads\/2024\/04\/Gipsy-Hill.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"621\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake O&#039;Leary\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake O&#039;Leary\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1530#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1530\"},\"author\":{\"name\":\"Jake O'Leary\",\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/#\\\/schema\\\/person\\\/93c0eb8b8afd3e0886dce5e5ac270a61\"},\"headline\":\"Mackenzie Byrne completes 100% LTC South London deal\",\"datePublished\":\"2024-04-30T13:24:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1530\"},\"wordCount\":177,\"image\":{\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1530#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Gipsy-Hill.jpg\",\"articleSection\":[\"Media\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1530\",\"url\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1530\",\"name\":\"Mackenzie Byrne completes 100% LTC South London deal - 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