Bolton | Manchester

Loan Type

Development Finance

Loan Amount

£11,707,219

Term Length

21 Months

Leverage Levels

15%

LTP

85%

LTC

72%

LTGDV

Purpose

To fund the conversion and extension of a former mill to provide 107 apartments, and the further construction of six new build townhouses.

Exit

To sell the units on the open market.

Loan Strengths

  • The scheme aims to retain and preserve the buildings unique historic features
  • Deliver residential units to the currently undersupplied local market
  • Excellent communal amenities that will be built to a much higher spec than comparable developments in Bolton
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