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Finchley Road | London

Loan type

Development Finance

Loan Amount

£

9,243,324

Term Length

18

Months

LTP

78%

LTC

0%

LTGDV

72%

Purpose

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

Exit

Sale of units on the open market.

Loan Strengths

  • Considerable cash input from the repeat borrower
  • Experienced contractor
  • Sub £1,000 sq.ft units vs. central London location

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