Finchley Road | London

Loan Type

Development Finance

Loan Amount

£9,243,324

Term Length

18 months

Leverage Levels

78%

LTP

81%

LTC

70%

LTGDV

Purpose

To assist with the refinance and development of an existing site comprising of 4 x 4 bed 1960’s town houses with planning permission to demolish the same and build 13 x 1, 2 & 3 bed new build apartments.

Exit

Sale of unit.

Loan Strengths

  • Considerable cash input from borrower
  • Repeat, high net worth client
  • Experienced contractor
  • Sub £1,000 sq.ft units vs. central London location

Testimonials

Although not having borrowed from Zorin before, I have known their Head of Loan Origination for many years and value his experience and professionalism greatly. I must say I have been equally impressed by the other members of the team and would be happy to recommend Zorin to other developers.
Kunal R. Developer
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