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Logo Sevi

Ready to dive in? Let’s break this deal down.

Dashboard > Overview

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An image of the deal site highlighting its prime location and architectural design.

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Deal Details

  • Deal Name: Project Sam
  • Location: London
  • Asset Class: COR
  • Asset Type: Hotel
  • Tenant: Sevi Limited
  • Start Date: 20/07/2025
  • Expiry Date: 01/02/2050
  • Review Pattern: Annual
  • Indexation: CPI+1%
  • Collar / Cap: 0 / 5
  • Rent: £3,000,000

Underwriting Metrics

  • Pricing Date: 20/07/2025
  • Target Spread: Z-250
  • Credit Rating: A-
  • Stabilised NOI: £3,000,000
  • VPV: £200,000,000
  • IRR: 7.12%
  • Duration: 14.74
  • WAL: 27.13
  • Assumed Costs: 6.8%
  • Comparator Bond Spread: 80 Bps
  • Illiquidity Premium: 129 Bps

Deal Metrics

  • NIY: 3.51%
  • Net Price: £7,965,000
  • Gross Price: 34.6%
  • LTV: 15%
  • Income Cover: 15%

Sensitivity Metrics

  • Z-230 → £7,965,000
  • Z-240 → £7,965,000
  • Z-250 → £7,965,000
  • Z-260 → £7,965,000
  • Z-270 → £7,965,000

Scenario Analysis

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