Mezzanine Development Finance

£108k at 76% LTV

Loan Size
£108k

Loan Term & Status
18 months (Ongoing)

Location
Exmouth, EX8

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

Details
The project will create 12 sizeable new build apartments in quiet and desirable residential location.  The apartments range in size from 1,119 to 1,356 Sq Ft and will enjoy views out into the surrounding countryside and estuary.  Proseed is of the opinion these will hold appeal particular appeal to buyers seeking to downsize.  All units will are Help to Buy eligible further enhancing saleability.

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