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Bolton | Manchester

Loan type

Development Finance

Loan Amount

£

11,707,219

Term Length

21

Months

LTP

15%

LTC

85%

LTGDV

72%

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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