Mezzanine Development Finance

£1.24m loan at 69% LTV

Loan Size
£1.24m

Loan Term & Status
15 months (Repaid)

Location
Basildon, SS14

LTV (%) & Security
69% LTV secured with a 2nd legal charge, a debenture and a personal guarantee

Details
This project converted an existing office into a total of 106 flats, comprising 1 and 2-bedroom units with a sales price ranging from £150k to £240k.

All of the units in the scheme were Help-to-Buy eligible.

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