Manchester | Greater Manchester

Loan Type

Development Finance

Loan Amount

£27,430,280

Term Length

32 months

Leverage Levels

75%

LTP

86%

LTC

70%

LTGDV

Purpose

Finance the conversion of a Grade II listed 19th century mill to provide 153 apartments consisting of 57 one-beds, 89 two-beds, and 7 three-beds over 6 floors. There will also be 32 parking spaces and 10 commercial ground floor units.

Exit

Sale of units on the open market.

Loan Strengths

  • Planning and Listed Building Consent in place
  • Attractive scheme next to the canal with views to the city centre
  • Historic features accentuated and blended with a modern design
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