Hoola Towers

Hoola Towers was a major new development site in the up and coming Royal Docks near Canary Wharf. The severe shortage of affordable London homes was peaking with significant pent-up demand from first time buyers and overseas investors. However, with development funding scarce, the Hoola Towers transaction was faced with extremely difficult credit markets. We identified the off-market opportunity to provide £160m of debt funding at attractive yields and completed within 90 days from initial commitment.

We saw the opportunity after observing the retail lending market actively seeking yield and slowly opening back up to residential development. We structured, negotiated and closed the loan and successfully sold down a significant portion to a global retail bank, enhancing returns while maintaining primary control over the loan.

Yoo Capital acted as the Loan Asset Manager and worked closely with all stakeholders, including the borrower and its investors.