Colchester

Loan Type

Development Finance

Loan Amount

£1,491,240

Term Length

14 months

Leverage Levels

55%

LTP

77%

LTC

69%

LTGDV

Purpose

To provide a facility to assist with the purchase of the property and its subsequent development to create 16 one bedroom apartments.

Exit

Sale of units.

Loan Strengths

  • Location has seen good growth
  • Ideal for first time buyers
  • Strong local demand
  • Proximity to transport links
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