Grosvenor Park reenters film lending biz

Stating an enhanced marketplace, Grosvenor Park will re-go into the film lending business 3 years after departing it. Within an announcement Monday, Grosvenor Park stated it needs to deploy no less than $100 million within the the coming year, focusing on films with budgets varying from $tens of millions of-$$ 30 million. The 30-year-old Grosvenor Park also stated it'll launch an EIS film fund within the U.K. this fall to make use of the "recent advantageous alterations in the EIS program which permit participation in considerably bigger film projects." Within the announcement, partners Don Starr and Joe Kaczorowski stated the organization will give you senior, gap and tax lending collateralized mainly by territorial distribution privileges and production tax incentives on films. The organization stated Monday the strategy is comparable to that because of its past achievements. Grosvenor Park recommended that approach in an effort to differentiate itself by supplying a "one-stop shop" financing solution for independent films within the mid-range budget level. "Now's an optimal time for you to re-go into the film lending space given the effectiveness of industry and also the current industry dynamics. As evidenced with a revival of sales activity at most recent film marketplaces, the interest in independent method is more powerful than ever before,Inch Starr stated. Since 1982, Grosvenor Park has arranged financing in excess of 400 projects. Contact Dork McNary at dork.mcnary@variety.com