Ground-Up Development

A combined conversion and ground up development of 13 residential apartments

18-month development facility to assist with the acquisition of an existing freehold for the development of new residential homes.

Exterior View
CGI Kitchen & Diningroom
CGI Livingroom
CGI Bathroom
Cgi Bedroom

We provided a £2.6m ground-up development loan to a team of experienced developers, bringing 13 new apartments to a popular commuter town.

Gross Loan

£2.6m

Term

18 months

LTV

70%

Units Created

13

Exit Method

Sales

"This is an interesting scheme bringing together an existing residential and commercial asset and enhancing it with an extension and refurbishment. It's a great example of how SME developers can be creative and Atelier was happy to support."

- Slav Melnikovs, Asset Manager

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