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Former Debenhams Store | Hull

Loan type

Development Finance

Loan Amount

£

14,750,000

Term Length

34

Months

LTP

100%

LTC

93%

LTGDV

70%

Purpose

To finance the acquisition of the site and redevelop the vacant department store into 190 apartments.

Exit

To sell the individual units on the open market, via an established off-plan sales agent.

Loan Strengths

  • Prime city-centre location, with strong transport links
  • Area of strong development regeneration
  • Delivered by an experienced developer with strong local track record

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