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Kenton | Harrow

Loan type

Development Finance

Loan Amount

£

7,263,400

Key Metrics

69

% LTDGV

Term Length

8

months

Purpose

A bridge loan to refinance the existing lender for the conversion of 70 apartments and 3,000 sq. ft. of commercial space. Further planning for 9 townhouses is awaiting consent.

Exit

To refinance the exposure onto a development facility.

Loan Strengths

  • Experienced and diversified borrower with a good track record in similar schemes
  • Great location, with close proximity to parks, amenities, and very good transport links to Central London and beyond
  • Harrow has enjoyed annual price growth of 5.8% making it one of London’s top 10 boroughs by this metric

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