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Kingfisher Property

Property Finance investment grade income

We are specialists in sourcing finance for projects which have the benefit of long term rental income streams paid by investment grade tenants and where income increases at a pre-determined fixed rate or in line with an index. The value of such bond type investments arises from both the financial standing of the tenant and the lease covenants. In the aftermath of the Credit Crunch this method of financing does not produce the same level of advantage as compared with before. However, selecting a financier who will lend against cashflow, with a favourable loan to value covenant, can often deliver more than a traditional approach.

 

Examples of such transactions include:

 

Ashford International Passenger Terminal supported by a Government guaranteed income stream

 

 

Felixstowe Docks supported by a quasi investment grade income stream

 

Halls of residence supported by 25 year or longer leases at 9 different Universities

 

A mental health unit and nurses accommodation supported by a 35 year lease to the Royal Free Hospital NHS Trust.

Last Updated 1st September 2010

1m Libor 0.57%.......3m Libor 0.73%.......3yr Swap 1.52%.......5yr Swap 2.06%.......10yr Swap 2.96%.......20yr Swap 3.56%.......30yr Swap 3.64%

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