North Wind Capital provide bridge financing for The Latis Group’s Hampshire land ahead of planning approval

London – January, 2022: North Wind Capital (“NWC”) has arranged a £17.9 million bridge loan to refinance The Latis Group’s debt ahead of securing planning permission for a strategic residential land site located in Hook, within the affluent Shapley Heath area of Hampshire.

The bridge loan, structured in conjunction with Thunder Capital Sàrl, the Luxembourg-regulated securitization vehicle, has been funded through listed Eurobonds.

The development of the site is supported in principle by the local authority and will now progress through the planning process to secure the necessary permissions for development. The Latis Group, a value-add residential developer and strategic investor focused on affordable and transitional housing, has a strong track record of delivering high-quality homes at scale and substantial expertise in securing planning consents.

The site presents an opportunity to develop 800 new residential homes, comprising 480 private residences and 320 affordable houses, addressing a significant shortage of family properties in the region. Upon securing planning permission, the increased land value will significantly reduce the bridging loan to a conservative 25% loan-to-value (LTV), paving the way for multiple viable exit strategies.

The site is well-connected to various transport links, including access to the A30 London Road, proximity to the M3, and adjacency to a train station offering fast services to London and Southampton. Furthermore, it is a 30-minute drive from London Heathrow Airport.

ENDS.

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