Scimitar Homes - New Exclusive Apartments in Cyncoed, Cardiff

www.scimitarhomes.com
Cefn Coed Road, Cyncoed, Cardiff

Development Finance

12 new luxury apartments in Cardiff to be started in July 2020 and completed for occupation late Autumn 2021.

GDV of £4.5m on completion with senior debt provided by Shawbrook Bank.

Andy has been working with Scimitar for 20 years and has successfully concluded a number of fundraising mandates for projects for the MD of Scimitar Jon Shields. This one has been interesting to conclude amongst the current turmoil. But we were well supported by the funder, which had confidence in the client, location and quality of construction. The site is set to start as Scimitar move from their exiting site nearing completion over at St Adresse, Penarth (http://www.sainteadresse.co.uk).

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Professionals to thank:  John Hughes, Shawbrook bank, Sam George and Paige Moseley of Rubin Lewis O’ Brien Solicitors and Glovers acting for Shawbrook.