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Farnborough | Hampshire

Loan type

Development Finance

Loan Amount

£

23,247,000

Term Length

18

Months

LTP

77%

LTC

90%

LTGDV

65%

Purpose

To assist with the purchase of the property and the subsequent construction of seven residential townhouses, three apartments and an office unitTo assist with the purchase of the property and its conversion into 116 flats under PD together with 29 new build flats in the car parking area.

Exit

From the sale of the completed units.

Loan Strengths

  • Very experienced  residential developer
  • Walking distance to transport links such as Farnborough Station and the town centre’s local amenities
  • Development will be registered in the “help to buy” scheme

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