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Manchester | Greater Manchester

Loan type

Development Finance

Loan Amount

£

27,430,280

Term Length

32

months

LTP

75%

LTC

86%

LTGDV

70%

Purpose

Finance the conversion of a Grade II listed 19th century mill to provide 153 apartments consisting of 57 one-beds, 89 two-beds, and 7 three-beds over 6 floors. There will also be 32 parking spaces and 10 commercial ground floor units.

Exit

Sale of units on the open market.

Loan Strengths

  • Planning and Listed Building Consent in place
  • Attractive scheme next to the canal with views to the city centre
  • Historic features accentuated and blended with a modern design

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