Norwich | Norfolk

Loan Type

Development Finance

Loan Amount

£6,550,088

Term Length

24 months

Leverage Levels

51%

LTP

74%

LTC

65%

LTGDV

Purpose

To assist with the refinance of an 8.08 acre parcel of land in Rackheath with planning permission for the construction of 80 new houses, 26 of which will be affordable units.

Exit

From the sale of the phase 1 houses.

Loan Strengths

  • Excellent location
  • Proximity to city centre and amenities
  • Local developer with good track record
  • Low LTV

Video Testimonial

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