Shawbrook supports with a record-breaking £60.5m refinance of 832-unit portfolio
Our Structured Real Estate team has provided Grace Real Estate Partners with a £60.5m, five-year interest-only facility to refinance its 832-unit Northern Portfolio and support the next stage of its business plan. This transaction represents the largest facility completed by Shawbrook to date.
At a glance
The opportunity and challenge
Grace, a UK-focused real estate investment and asset management firm, assembled the portfolio through acquisitions in 2023 and 2025. Having completed the initial value-creation phase, it sought to refinance existing debt and put in place a more efficient, long-term capital structure.
The facility needed to reflect the portfolio’s established income, ongoing investment programme and wider strategy for continued growth.
Our solution
We provided a £60.5m senior facility secured across the Northern Portfolio, refinancing existing debt and supporting Grace’s next phase of investment.
By taking the time to understand the assets, their income performance and Grace’s vertically integrated operating platform, we structured a facility aligned with the business’s longer-term plans. The funding provides the certainty to continue strengthening rental performance, maintaining high occupancy and delivering targeted improvements across the portfolio.
Shawbrook and their professional and dedicated team engaged with both the portfolio and our wider business plan from the outset, and that understanding was central to delivering a transaction of this scale with certainty. The new facility provides an appropriate long-term capital structure for the next phase of our business plan.
Outcome
Since acquisition, the portfolio has achieved a c.22% uplift in value, supported by rental growth, targeted capital expenditure, improved occupancy and active asset management.
With the refinancing complete, Grace can continue investing in the physical quality and energy efficiency of the assets while capturing further rental and operational upside.
Why Shawbrook?
Grace chose Shawbrook for our understanding of residential portfolio lending, our engagement with its wider business plan and our ability to deliver a tailored structure with certainty of execution.
Tirath Singh, Head of Structured Real Estate at Shawbrook, commented:
"We are delighted to support Grace with this significant refinancing. The portfolio’s strong performance reflects targeted investment and active management. By understanding the assets and wider business plan, we provided a flexible, long-term facility to support the next phase."
How can we help you?
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