Mezzanine Development Finance
£380k loan at 79% LTV
Loan Term & Status
21 months (Ongoing)
Norwood Junction, SE25
LTV (%) & Security
79% LTV secured with a 2nd legal charge, debenture and a personal guarantee
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.