Tristan Capital Partners has refinanced a development loan of £118m provided by Goldman Sachs to Moda and Apache Capital’s Mercian scheme in Birmingham.
Goldman Sachs had provided the development loan to the £184m GDV scheme in 2019.
The Mercian comprises of 481 build-to-rent homes, ranging from studios to one-, two- and three-bedroom apartments, and a penthouse, across a 42-storey tower.
The site is located at 212-223 Broad Street and includes 31,000 sq ft of amenity space.
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