4th May 2017 07:00
4 May 2017
Real Estate Credit Investments Limited (the "Company")
Portfolio Investment Announcement
Following its recent successful placing, RECI is pleased to announce that it has made a new £20m loan commitment as part of an overall Cheyne transaction providing a senior facility secured against a high quality residential development asset in central London. The conservative Loan to Gross Development Value (LTGDV) is under 50% and the investment IRR provides attractive economics in line with the Company's target returns. Due to the strength and depth of Cheyne's deal pipeline, RECI remains well placed to take advantage of upcoming opportunities in both the loan and structured credit markets.
For further information, please contact:
Broker: Richard Bootle / Richard Crawley (Liberum Capital) +44 (0)20 3100 2222
Investor Relations: Nicole Von Westenholz (Cheyne) +44 (0)20 7968 7482
Related Shares:
Real Est.cred