Mezzanine Development Finance
£320k loan at 73% LTV
Loan Term & Status
18 months (Ongoing)
LTV (%) & Security
73% LTV secured with a 2nd legal charge, a debenture and a personal guarantee
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.