Mezzanine Development Finance

£234k loan at 76% LTV

Loan Size
£234k

Loan Term & Status
19 months (Ongoing)

Location
Walthamstow, E17

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

Details
The project will create 6 new build apartments and small commercial unit behind a retained facade.  The scheme includes 2 x 1-bedroom, 3 x 2-bedroom and 1 x 3-bedroom units, all of which are Help-to-Buy eligible and based on comparable evidence represent good value for this sought after North London location offering excellent transport connections.

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