Ashford | Kent

Loan Type

Development Finance

Loan Amount

£33,205,292

Term Length

30 Months

Leverage Levels

117

LTP

89%

LTC

69%

LTGDV

Purpose

To refinance an existing loan and assist with the next phase of the development; 48 apartments and three houses.

Exit

The sale of the units on the open market.

Loan Strengths

  • Development is part of a 10-year plan from the council to unlock housing, employment, and quality local facilities
  • Developers are a leading regional housebuilder with substantial expertise
  • Great transport connections, the site sits on the M20 and is two miles from Ashford International Railway Station
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