Karis Capital has arranged a structured finance deal after their client acquired a distressed property investment firm valued at over £35 million. The portfolio consists of more than 40 residential and commercial properties across the UK. Senior associate Christian Artimadis (pictured) led the transaction, guiding the client from initial structuring through to completion.
The portfolio was tied to a £21 million loan and held within a limited company, creating various legal, financial, and operational challenges.
Karis Capital supported the client throughout the process by negotiating a competitive acquisition price, restructuring the company to reduce tax liabilities, coordinating settlements with historic creditors, including lenders and suppliers, and managing asset valuations. This enabled the client to secure a £22 million finance facility priced at 2.6% above the base rate.
Since completing the acquisition, the client has refurbished all residential units to market standards. These properties are now transitioning to a social housing provider, delivering increased and stable income.
Christian Artimadis said, “When this opportunity arose, we negotiated a suitable price to acquire the company and portfolio that would allow our client to clear existing debts and undertake the necessary works to improve the portfolio value,"
“We worked closely with the lender to provide funding reflecting the true value of the portfolio relative to the acquisition price, considering our client’s efforts to strengthen and enhance the overall value.”
