Mezzanine Development Finance

£380k loan at 79% LTV

Loan Size
£380k

Loan Term & Status
21 months (Ongoing)

Location
Norwood Junction, SE25

LTV (%) & Security
79% LTV secured with a 2nd legal charge, debenture and a personal guarantee

Details
This project will create a total of 15 new-build flats with forecast sales values that range from £270k to £340k.  The scheme will also include one commercial unit, occupying a portion of the first floor.

All the residential units will qualify as Help-To-Buy eligible.

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