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Email: Phone: 0207 486 5777
Email: Phone: 0207 486 5777

Red Kite Secures £3.6m Funding for Taris with RBS

In order to improve shareholder returns to the Taris Retail Property Fund, Red Kite has negotiated a loan of £3.6 m against the four properties. 

The three year revolver loan carries a 3.5% margin over Libor and is set at 65% LTV (loan to value).

Shareholder returns have been set at 13.65% p.a. with the prospect of capital growth at the point of lease negotiations on the properties within the three year loan period.