SHC Capital has arranged a revolving credit facility for Euroterra Capital, backed by over £30m of prime London property.
The flexible credit line is secured against Euroterra’s existing portfolio and will support the developer’s plans to acquire more assets in Prime Central London.
The new facility will add to Euroterra’s cash reserves and help the company take advantage of new investment opportunities as the market changes.
Tony Tadros, director at SHC Capital, said: “We have transacted over £100m with Euroterra Capital, and they are first-class operators with the ability and liquidity to move quickly.
“As Prime Central London experiences a gap between values and debt availability, we will continue to leverage Euroterra Capital’s support to enable them to unlock unique development opportunities and restructure challenging situations.”
Pantazis Therianos, CEO at Euroterra Capital, said: “We have the track record, liquidity, and ability to unlock any complex situation where we see value.
“Our focus is on acquiring well, adding value, and determining the right time to sell – while working exclusively with SHC Capital to identify and resolve special situations that require flexible capital.
“We have worked with Tony and his team for over 10 years, and the trust is there to pursue more complex transactions, bringing together our expertise and capital.”
