Mezzanine Development Finance

£320k loan at 73% LTV

Loan Size
£320k

Loan Term & Status
18 months (Ongoing)

Location
Alton, GU34

LTV (%) & Security
73% LTV secured with a 2nd legal charge, a debenture and a personal guarantee

Details
This project will divide and refurbish a former Victorian village hall, to create 5 town houses with impressive period character.  In addition, 2 new-build houses will be created in the land to the rear the the hall.

The properties have forecast sales values that range from £500k – £900k.

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