Rooftop development of nine apartments
Additional finance to develop nine extra units on an existing scheme, that will significantly enhance site GDV.
Having worked hand in hand with our borrowers on the phase one conversion and refurbishment of this scheme, we were pleased to provide a £2m loan over 15-months to fund the development of an additional nine rooftop units. The additional nine units will significantly enhance the scheme and offer additional high spec accommodation and a variety of choice for prospective buyers.
Gross Loan
£2m
Term
15 months
LTV
65%
Units Created
9
Exit Method
Sales
"We were pleased to support phase two of this scheme as our developers provided a well-considered plan to maximise this development opportunity."
- Matt Measures, Senior Investment Manager
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