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Canary Wharf | London

Loan type

Development Finance

Loan Amount

£

45,459,175

Term Length

20

Months

LTP

77%

LTC

73%

LTGDV

65%

Purpose

Part-complete conversion of existing office building into a 209-unit BTR scheme, comprising mostly of studio flats.

Exit

To refinance the property onto an investment term loan.

Loan Strengths

  • An experienced and diversified Borrower
  • Limited heavy structural works during the development
  • Attractive site overlooking the dock with excellent transport connections

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