JV – Full Funding Solution
£688k loan at 66% LTV
Loan Term & Status
30 months (Ongoing)
LTV (%) & Security
66% LTV secured with a 1st legal charge, a debenture and a joint and several personal guarantees
This project will result in the conversion of an office, under permitted rights development (“PD”) into one 4-bedroom and one 2-bedroom semi-detached houses. The houses have forecast sales values of £495k and £555k.
The properties are both exceptionally well-apportioned, a point a differentiation to the existing housing stock in this area.