Newbuild Rooftop Bar & Restaurant River Mersey Waterfront
Focus Commercial sourced and arranged funding for the construction of this new top-floor exclusive restaurant, bar facilities and kitchen.
What we did
Our developer client needed to raise funds for the construction of an exclusive rooftop restaurant with a terrace, bar, and kitchen facilities on the top floor of their residential apartment complex in Merseyside.
Once the restaurant and bar had been completed, this became the exclusive “14 Bar and Grill”.
Once operating, Focus refinanced the security property onto a long-term commercial mortgage with a high street lender, to stabilise the commercial operating security asset.
Development guidance, expertise and services we provided:
Prepared a detailed Development Appraisal to submit to the development lenders.
Confirmed to our returning developer client that the scheme was profitable and fit for funding presented through Focus.
Obtained Development Senior Debt Funding.
Prepared a detailed Development Credit Paper to submit to the development lenders.
Prepared a detailed Development Appraisal to submit to the development lenders.
Prepared a detailed Development Cashflow Forecast to submit to the development lenders.
Liaised with the client’s architect.
Advised and arranged for our client Structural Defect Warranty Insurance.
Project Managed the whole loan process on behalf of our client, dealing with the lender, valuer, lender IMS, lender's solicitors and client solicitors.
Assisted our client with the lender’s IMS (Independent Monitoring Surveyors) requirements.
Advised our client on what was needed for Practical Completion to ensure a smooth refinance for the commercial mortgage.
We are in safe hands
“We have worked with John and the Focus Commercial team on many projects that have needed both development funding and development exit funding.
Focus have arranged development funding on multiple projects in sectors we specialise such as large residential apartment blocks, retail and the assisted living care and care home sectors.
We are in safe hands, as we know each project that requires funding has been credit underwritten and the correct development lender sourced for that project.
They have assisted our company with the development appraisal, and cash flow forecast.
The Focus team works on the lender admin, liaise with the lender valuers, and our solicitors, which is a seamless, non-painful process to obtain funding drawdown.”
Property Developer, Contractor, Landlord and Care Homeowner & Operator
M Begg
ABH Group Ltd