We use cookies on our website to enhance your browsing experience. By continuing to use this site without changing your settings you consent to our use of cookies in accordance with our cookie policy. To learn more about cookies, how we use them on our site and how to change your cookie settings please view our cookie policy.

Close Cookie Bar

case study

AUDLEY VILLAGES

Challenge

Audley Villages is a luxury retirement village owner, operator and developer with 17 village locations around the UK.
 

They have an ongoing development programme which will see the company greatly expand the number of sites in its portfolio over the coming five years. Flexible debt financing was essential to allow the company to complete its pipeline and provide ongoing capital.
 

JCRA, along with Audley identified a £125 million requirement for funding, in the form of a revolving credit facility, which would allow the debt balance to fluctuate in step with sales income and also development costs.
 

We were mandated to obtain debt funding in a sector that is relatively unknown to lenders which was a challenge when considering the scale of the request and the type of funding required.
 

Speak to an expert

Shripal Shah

Director, Property

E: Shripal.Shah@jcrauk.com
T: +44 (0)207 493 3310

Our approach

JCRA and Audley built a cashflow model and worked closely together to identify the key features required for the financing in order to allow Audley to follow through on its business plan.

We prepared all the necessary documentation and analysis to present Audley’s request for finance to prospective lenders, and then worked alongside them to explain some of the more complicated features of the request.

JCRA worked with multiple lending partners to bring together various offers and formulate a syndicate that was able to commit to a common funding structure.

We advised Audley on the most suitable combination of lenders to achieve the best funding structure for the business and then negotiated with those lenders to agree a common set of terms.

JCRA then worked with the lenders to achieve full credit approval and assist through the documentation and due diligence process.

Explore what we do

Results

JCRA achieved a well-rounded, ongoing funding package for Audley
 

A bespoke covenant suite that ticked boxes both for our client in terms of functionality and practical use, and the lenders in terms of managing their risk exposure
 

Competitive pricing including an improved margin on refinance of existing lending
 

A first for the sector on such a scale – first £100m+ RCF provided to the luxury retirement village sector
 

An effective hedging strategy which drastically reduced the interest rate exposure Audley will encounter throughout the term of the loan

Other Case Studies

case study

NREP

read more
case study

Audley Villages

read more
case study

Fort McMurray West

read more
case study

Addressing LOBOs

read more

How can we help you

Have you got a question about how you hedge your financial risks, or structure and arrange your debt?

Find out how we can help you by contacting us today.

 

contact us

Stay Connected

Would you like news and views on local and global financial markets?

Sign up today to receive news straight to your inbox.

At JCRA the privacy of your personal information is of utmost importance to us. You can find details in our Privacy Policy and Terms of Use.

CLOSE

SIGN UP FOR NEWS

Subscribe