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Colchester | Essex

Loan type

Development Finance

Loan Amount

£

1,491,240

Term Length

14

Months

LTP

55%

LTC

0%

LTGDV

68%

Purpose

To provide a facility to assist with the purchase of the property and its subsequent development to create 16 one bedroom apartments.

Exit

Sale of units on the open market.

Loan Strengths

  • Location has seen good growth with strong local demand
  • Ideal development for first time buyers
  • Close proximity to multiple transport links

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