Our client, a Chinese resident, was looking to purchase a school to begin building a portfolio of education assets. Due to the school’s lack of financial recordings, the client placed a team to work through existing information and project future income for the asset.
IPCA Group worked with the client to fully understand their accounts that enabled the team to negotiate competitive terms with the lender. The team managed the transaction from start to completion, working through complications on the valuation, ensuring a smooth completion.
- Purchase of a education asset.
- Acquisition Price: £5,000,000
- Loan Amount: 3,500,000
- Loan to value: 70%
- Interest Rate: 2.5% over banks base rate
- Term: 10 year facility