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Stretched Senior, Residential Development Portfolio in Zurich, Switzerland

Zurich
,
Switzerland
DEAL
001109
POSTED ON
November 30, 2020
INVESTMENT SUMMARY
IRR
TBC
Multiple
NA
LTV
90%
First Year CoC
NA
Stabilised CoC
NA
Status
Funding
Deal #
001109
Asset Class
Residential
Strategy
Development
Capital Type
Stretched Senior Debt
Deal Size
CHF
43.8
m
Investment Size
CHF
39.0
m
Holding Period
2 Years
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INVESTMENT HIGHLIGHTS
  • The sponsor is a local developer with a geographic focus in German speaking Switzerland, mainly in Zurich metropolitan area. Their main strategy is residential ground up and conversion developments with a track record of CHF 62M GDV development completed to date.
  • Their specialty is project development with in-house teams across the full spectrum of the development process. In terms of development size, their focus is in the mid-market with development costs ranging from CHF 5M - CHF 25M.
  • The sponsor has an impressive pipeline of new residential projects all across the same area with aggressive expansion plans. They are currently looking to partner with a reputable lender to increase deal velocity and pipeline and move from 4- 6 projects per year to 8 -12.
  • Currently they have identified 3 sites with a total project costs of CHF 43.7M and c. CHF 60M GDV that they are looking financing for. The sites are all located in Zurich metropolitan region and enjoy planning permission.
  • The sponsor is looking for stretched senior financing that will permit to acquire the site and provide construction funding. The developer will be contributing its own equity in the projects.
KEY DEAL POINTS
KEY FINANCIALS
ABOUT SPONSOR
Emerging Sponsor
The sponsor is a developer with a geographic focus in German speaking Switzerland. Their main focus is ground up and conversion developments with a focus in residential and hospitality. With a track record of CHF 62M GDV development completed to date, their sweet spot is across developments ranging from CHF 1M to CHF 10M. The sponsor has an impressive pipeline of new residential and hospitality projects all across the same area with aggressive expansion plans.
FURTHER IMAGES
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DEAL DATA ROOM
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INVESTMENT SUMMARY
Strategy
Development
Asset Class
Residential
LTV
90%
Deal Size
CHF
43.8
m
Closing
Capital Type
Stretched Senior Debt
Investment Size
CHF
39.0
m
Net IRR
TBC
Multiple
NA
Holding Period
2 Years
INVESTMENT DETAILS
  • The sponsor is a local developer with a geographic focus in German speaking Switzerland, mainly in Zurich metropolitan area. Their main strategy is residential ground up and conversion developments with a track record of CHF 62M GDV development completed to date.
  • Their specialty is project development with in-house teams across the full spectrum of the development process. In terms of development size, their focus is in the mid-market with development costs ranging from CHF 5M - CHF 25M.
  • The sponsor has an impressive pipeline of new residential projects all across the same area with aggressive expansion plans. They are currently looking to partner with a reputable lender to increase deal velocity and pipeline and move from 4- 6 projects per year to 8 -12.
  • Currently they have identified 3 sites with a total project costs of CHF 43.7M and c. CHF 60M GDV that they are looking financing for. The sites are all located in Zurich metropolitan region and enjoy planning permission.
  • The sponsor is looking for stretched senior financing that will permit to acquire the site and provide construction funding. The developer will be contributing its own equity in the projects.
INVESTMENT HIGHLIGHTS
Funding
SUMMARY
Opportunity to participate in the financing of 3 residential ground-up developments in Zurich, Switzerland. The Sponsor is a local developer and is looking to partner with a reputable lending institution to realise this pipeline and increase their footprint. Total project costs of CHF 43.7M and GDV of CHF 60M.
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Success! The teaser is being generated. Check your inbox (and spam folder).
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