Bath | Somerset

Loan Type

Development Finance

Loan Amount

£3,468,168

Term Length

18 months

Leverage Levels

59%

LTP

85%

LTC

70%

LTGDV

Purpose

To assist with the purchase of a long leasehold site in central Bath and fund the development of 8 x 3 bed town houses under a watching brief.

Exit

Sale of units.

Loan Strengths

  • Highly experienced local developer
  • Repeat client
  • Low LTP
  • Central city location
  • High demand for scheme given limited supply of new builds
  • Allocated parking

Testimonials

Zorin’s higher LTV criteria gave us the opportunity to spread our capital across other development projects we had in the pipeline. Given the leverage levels, their pricing was extremely keen too.
David N. Developer
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