French banks lend £99m on London’s Brompton Cross Estate

BNP Paribas and Credit Agricole have provided a five-year £98.8m facility for Tribeca Holdings, secured on the Brompton Cross Estate in Chelsea, West London. BNP Paribas logo to useThe loan is predominantly a refinancing but also includes a capital expenditure tranche. Both banks will hold the debt on balance sheet. Tribeca’s funding partner at the estate, Pramerica Real Estate Investors, is also supplying mezzanine finance.