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New Malden | London

Loan type

Development Finance

Loan Amount

£

26,219,570

Term Length

22

Months

LTP

83%

LTC

88%

LTGDV

69%

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 with an excellent price point

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