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Bath | Somerset

Loan type

Development Finance

Loan Amount

£

3,468,168

Term Length

18

Months

LTP

59%

LTC

85%

LTGDV

70%

Purpose

To assist with the purchase of a long leasehold site in central Bath and fund the development of eight x 3 bed town houses under a watching brief.

Exit

Sale of units on the open market.

Loan Strengths

  • Highly experienced local developer who understands the target market
  • High demand for scheme given limited supply of new builds in a central location
  • Allocated  private parking

Zorin’s higher LTV criteria gave us the opportunity to spread our capital across other development projects we had in the pipeline. Given the leverage levels, their pricing was extremely keen too.

David N.

Developer

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