Mezzanine Development Finance
£160k loan at 76% LTV
Loan Term & Status
18 months (Repaid)
LTV (%) & Security
76% LTV secured with a 2nd legal charge, a debenture and a personal guarantee
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.