Funding secured to expand social housing development

Case Study30th Sep 2021

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Our Client 

A housing association looking to raise finance to fund further social housing developments.  

Our Approach 

  • Prepared an integrated financial projection model to summarise anticipate trading results including profit & loss accounts, cash flow statements and balance sheets. 
  • Challenged key assumptions provided by management 
  • Arranged introductions to potential funders and assisted in the presentation of the business proposal. 
  • Assisted in discussions with debt providers and negotiated terms on the client’s behalf 
  • Reviewed, considered and advised on transaction structure in conjunction with funding offers and tax structuring 
  • Reviewed covenants and assisted in the preparation of relevant sensitivities. 

The Outcome 

  • Successfully raised additional debt funding to support future developments in the housing sector by ensuring the funding was the most suitable package 
  • Created a robust financial model that could be updated with relevant sensitivities and live data 
  • Limited impact to the day-to-day running of the association due to AAB project managing the fundraising process 
  • AAB have advised on subsequent refinancing of existing borrowing that led to further development within the housing sector. 

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