Feanor Capital Partners refinances Mayfair gem with ABC International Bank

Feanor Capital Partners, the UK-based real estate investor with a European presence, has refinanced 41 Upper Grosvenor Street with a £25 million bridge loan provided by ABC International Bank PLC ("Bank ABC").

The 12-month facility refinances existing debt and supports the next stage of the luxury residential business plan at this landmark Mayfair asset, adjacent to Grosvenor Square. The financing reflects a sub-60% loan-to-value ratio, based on an upwardly revised valuation following planning consent approval.

The transaction reinforces the stabilisation of the asset, providing institutional backing for a clearly defined refurbishment strategy at one of Mayfair's most prominent residential addresses.

Richard French, Senior Relationship Manager at Bank ABC, said: "We are pleased to have refinanced 41 Upper Grosvenor Street, enabling the next stage of the project's regeneration. We look forward to the opportunity to partner with the team on this property and others in their pipeline."

The asset will be refurbished in partnership with REDD Real Estate, the luxury development manager.