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St Albans | Hertfordshire

Loan type

Development Finance

Loan Amount

£

17,286,999

Term Length

25

Months

LTP

88%

LTC

89%

LTGDV

72%

Purpose

To finance the acquisition and redevelopment of a vacant industrial unit to construct 37 dwellings with associated access, parking, and amenity space.

Exit

Units to be sold on the open market.

Loan Strengths

  • St Albans is an attractive historic cathedral city and prime commuter town
  • The dwellings have been designed to fit into the existing area, with materials chosen to complement other local properties
  • Borrower has strong experience in residential developments in the South East of England

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