Mezzanine Development Finance

£160k loan at 76% LTV

Loan Size
£160k

Loan Term & Status
18 months (Repaid)

Location
Nuthurst, RH13

LTV (%) & Security
76% LTV secured with a 2nd legal charge, a debenture and a personal guarantee

Details
This project resulted in the development of three new-build family homes.  Each unit has a forecast £920k sales value.

The properties benefit from private gardens and off-street parking in addition to close proximity to the popular local school.

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