Mezzanine Development Finance
£1.24m loan at 69% LTV
Loan Term & Status
15 months (Repaid)
LTV (%) & Security
69% LTV secured with a 2nd legal charge, a debenture and a personal guarantee
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.