M7 Capital (“M7C”), a full-service real estate debt specialist, announces that it has provided, on behalf of its UK debt fund TREC II, a c. £16.3 million loan to Willow Nominees Limited.

The loan is secured against two modern retail parks and a shopping centre comprising multiple units extending to a total of c. 220,700 sq ft which are 100% let to a mixture of national brands and local businesses.

The properties, which are located in Manchester, Inverurie and Wrexham, are managed by David Samuel Properties Limited (the “Sponsor”), a specialist purchaser of commercial real estate assets across the UK with current AUM in excess of £400 million. 

David Samuel actively purchases value add assets across various sectors and enhances returns to their investor base through quality asset management. Their current portfolio is over £400 million and has over 800 tenants. This is the fifth loan between David Samuels Properties and M7 Capital with other assets located in Southeast England, Scotland and Northern Ireland.

M7 Capital has been the internal adviser to M7 Real Estate (“M7”) for all its debt capital market needs since M7 was established in 2009. In 2016, M7C expanded its operations to incorporate a real estate lending and loan servicing platform. M7C’s first UK debt fund, TREC II, has now deployed more than £210 million across 22 different loans in line with its strategy of providing loans of up to 70% LTV between £5 million and £25 million across the office, retail warehouse, industrial and leisure sectors. 

Hugh Fraser, Chief Executive Officer of M7C said: “This loan builds on our existing relationship with David Samuel Properties, an established business with a hands-on approach to asset management and generating value. This loan is secured against three fully let retail assets in strong catchment areas which offer modern space to a strong line up of occupiers.”  

Andrew Berkeley Managing Director at David Samuel Properties said: “We are pleased to have completed our fifth deal with M7 Capital on a portfolio with such a diverse blend of high-quality income. As always we are grateful to the M7 team and our finance broker, GDP Funding, for their professionalism throughout the transaction and look forward to expanding our relationship on future deals.”