Piccadilly East | Manchester

Loan Type

Development Finance

Loan Amount

£13,710,671

Term Length

22 Months

Leverage Levels

98%

LTP

82%

LTC

70%

LTGDV

Purpose

To assist in the development of 66 residential units consisting of one- and two-bed apartments and two-bed town houses.

Exit

To sell the units on the open market.

Loan Strengths

  • Local borrower with development and contracting experience
  • Area of strong development regeneration
  • Sociable roof terrace for residents
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