{"id":1648,"date":"2024-09-24T10:08:47","date_gmt":"2024-09-24T10:08:47","guid":{"rendered":"https:\/\/mackenziebyrne.co.uk\/?p=1648"},"modified":"2024-09-24T10:12:32","modified_gmt":"2024-09-24T10:12:32","slug":"mackenzie-byrne-and-triple-point-complete-6-1m-deal","status":"publish","type":"post","link":"https:\/\/mackenziebyrne.co.uk\/?p=1648","title":{"rendered":"Mackenzie Byrne and Triple Point complete \u00a36.1m deal"},"content":{"rendered":"<p>Mackenzie Byrne and Triple Point Private Credit have completed a structured finance deal for a 16-flat development worth \u00a36.1m.<\/p>\n<p>This is the first deal completed between the two companies.<\/p>\n<p>Triple Point is contributing a senior loan of \u00a33,965,000 to cover the developer\u2019s build cost in full, at 65% LTGDV.<\/p>\n<p>Taking total funding up to 97% is equity from an investor in Mackenzie Byrne\u2019s network in combination with a senior loan.<\/p>\n<p>The high leverage of this deal has allowed Mackenzie Byrne\u2019s client to put in the remaining 3%.<\/p>\n<p>The transaction will fund the construction of 16 flats in Epsom, Surrey.<\/p>\n<p><strong>Sean O\u2019Leary, founder of\u00a0Mackenzie Byrne (pictured above), said<\/strong>: \u2018We are delighted to complete this deal for a long-standing and valued repeat client, working with Phil Bird and his colleagues at Triple Point for the first time.<\/p>\n<p>\u201cWe\u2019ve no doubt this will be the first of many such transactions for all parties concerned.\u201d<\/p>\n<p><strong>Philip Bird, director of property development finance at Triple Point, added<\/strong>: \u201cIt has been a pleasure to work with Mackenzie Byrne and Sean O\u2019Leary on this transaction and I look forward to seeing the project progress over the coming months.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Originally published by <a href=\"https:\/\/developmentfinancetoday.co.uk\/article-desc-10316_Mackenzie%20Byrne%20and%20Triple%20Point%20complete%20%C2%A36.1m%20deal\"><em>Development Finance Today<\/em><\/a>, 17th June 2024<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mackenzie Byrne and Triple Point Private Credit have completed a structured finance deal for a 16-flat development worth \u00a36.1m. This is the first deal completed between the two companies. Triple Point is contributing a senior loan of \u00a33,965,000 to cover the developer\u2019s build cost in full, at 65% LTGDV. Taking total funding up to 97% [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1633,"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-1648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mackenzie Byrne and Triple Point complete \u00a36.1m 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=1648\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mackenzie Byrne and Triple Point complete \u00a36.1m deal - Mackenzie Byrne\" \/>\n<meta property=\"og:description\" content=\"Mackenzie Byrne and Triple Point Private Credit have completed a structured finance deal for a 16-flat development worth \u00a36.1m. This is the first deal completed between the two companies. Triple Point is contributing a senior loan of \u00a33,965,000 to cover the developer\u2019s build cost in full, at 65% LTGDV. Taking total funding up to 97% [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mackenziebyrne.co.uk\/?p=1648\" \/>\n<meta property=\"og:site_name\" content=\"Mackenzie Byrne\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-24T10:08:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-24T10:12:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mackenziebyrne.co.uk\/wp-content\/uploads\/2024\/09\/Epsom.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"975\" \/>\n\t<meta property=\"og:image:height\" content=\"626\" \/>\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=1648#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1648\"},\"author\":{\"name\":\"Jake O'Leary\",\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/#\\\/schema\\\/person\\\/93c0eb8b8afd3e0886dce5e5ac270a61\"},\"headline\":\"Mackenzie Byrne and Triple Point complete \u00a36.1m deal\",\"datePublished\":\"2024-09-24T10:08:47+00:00\",\"dateModified\":\"2024-09-24T10:12:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1648\"},\"wordCount\":210,\"image\":{\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1648#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/Epsom.jpg\",\"articleSection\":[\"Media\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1648\",\"url\":\"https:\\\/\\\/mackenziebyrne.co.uk\\\/?p=1648\",\"name\":\"Mackenzie Byrne and Triple Point complete \u00a36.1m deal - 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