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Southall | London

Loan type

Development Finance

Loan Amount

£

26,850,060

Term Length

24

Months

LTP

93%

LTC

82%

LTGDV

52%

Purpose

To finance the internal demolition of an existing hotel into a 295-bed co-living scheme with substantial communal amenities.

Exit

The Borrower will retain the asset and refinance onto an investment facility.

Loan Strengths

  • Substantial amenity provision including large lounges, dining, extensive bar, spa, recording studio and gym facilities
  • Southall is a popular commuter location with good proximity to Heathrow Airport and the new Elizabeth Line
  • All units will be built to a high-spec

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