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Norwich | Norfolk

Loan type

Development Finance

Loan Amount

£

13,606,164

Term Length

39

Months

LTP

51%

LTC

81%

LTGDV

67%

Purpose

To assist with the refinance of an 8.08 acre parcel of land in Rackheath with planning permission for the construction of 80 new houses, 26 of which will be affordable units.

Exit

From the sale of the houses on the open market

Loan Strengths

  • Excellent location
  • Proximity to city centre and amenities such as local restaurants, shops and green spaces
  • Local developer with a good track record

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