Staines | Surrey

Loan Type

Development Finance

Loan Amount

£18,728,835

Term Length

28 Months

Leverage Levels

89%

LTP

78%

LTC

68%

LTGDV

Purpose

To refinance the property and the subsequent redevelopment of the three existing office buildings into 103 residential units, comprising of one and two bedroom apartments.

Exit

To sell a portion of the units on the open market and retain the remaining as investment properties.

Loan Strengths

  • Well located property benefitting from lake views
  • Within walking distance of Staines town centre and train station
  • In an area with ongoing regeneration and demand for unit type
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