Derby property

Our work - 04/02/2020

Refinancing a Michelin-starred restaurant in Nottingham

192 Derby Road is an exquisite building based in Nottingham, located between the town centre and the University of Nottingham.

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192 Derby Road is an exquisite period building in Nottingham, located between the town centre and the University of Nottingham. It comprises of five luxury apartments and a Michelin starred restaurant with an imaginative plant-based menu and beautiful private roof terrace.

UKIT

 

Our role: refinancing after a successful redevelopment

Having recently completed an extensive redevelopment, LSH Property Finance advised on the property’s refinancing to repay the development loan and move the borrower into a longer-term investment facility.

We approached a selection of specialist lenders and carefully structured a suitable funding solution, with an initial five-year fixed-interest period. We also provided detailed advice on the local student and restaurant market.

Adam Klein, Broker, says “we’re thrilled to help secure the next chapter of this fascinating building and we’re excited to follow the progress of the newest Michelin starred restaurant in Nottingham”.

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