Stockport | Manchester

Loan Type

Development Finance

Loan Amount

£13,824,759

Term Length

18 months

Leverage Levels

73%

LTP

86%

LTC

69%

LTGDV

Purpose

The conversion of two office buildings to create 98 residential apartments.

Exit

Sell the completed units to owner occupiers and investors.

Loan Strengths

  • Strong development and contracting experience
  • Located in an area of strong demand
  • Little structural works required in the conversion
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