New Malden | London

Loan Type

Development Finance

Loan Amount

£26,219,570

Term Length

22 months

Leverage Levels

83%

LTP

88%

LTC

70%

LTGDV

Purpose

Conversion of an existing office building into 93 modern residential flats, including 11 shared ownership units.

Exit

Private units to be sold on the open market, with the remaining affordable units to be purchased by a Housing Association.

Loan Strengths

  • Established developer with a good track record
  • Landmark scheme
  • Attractive for local buyers
  • Excellent price point

Testimonials

Zorin Finance offered us an attractive borrowing proposition, based on their expert knowledge of the property sector, flexibility, transparency and ability to move swiftly. It is clear to us that alternative lenders such as Zorin offer a crucial way for housebuilders to realise their developments under challenging market conditions and deliver important new homes for Britain.
Parma S. Developer
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