New family homes in Surrey
18-month ground-up development facility to build five new family homes.
We provided a £3.3m development loan to enable the developer to acquire and demolish an existing bungalow and build five new four-bedroom, three-storey homes. This project will enhance an already established residential area, within commuting distance of both London and the South coast.
Gross Loan
£3.3m
Term
18 months
LTV
70%
Units Created
5
Exit Method
Sales
”We are working with local developers who have an intrinsic knowledge of the neighbourhood, extensive construction expertise and established supply chains, which meant this was a project we were keen to support.”
- Rav Kudhail, Lending Manager
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