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Cuthbert House | Newcastle

Loan type

Development Finance

Loan Amount

£

11,217,960

Term Length

22

Months

LTP

53%

LTC

78%

LTGDV

70%

Purpose

To fund the conversion of an office into 152 residential flats across seven floors.

Exit

The sale of the individual units on the open market.

Loan Strengths

  • Development is close to the city centre and all amenities
  • Borrower has strong experience with this development type
  • Newcastle has a highly competitive housing market

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