Farnborough | Hampshire

Loan Type

Development Finance

Loan Amount

£23,247,000

Term Length

18 months

Leverage Levels

77%

LTP

90%

LTC

66%

LTGDV

Purpose

To assist with the purchase of the property and its conversion into 116 flats under PD together with 29 new build flats in the car parking area.

Exit

From the sale of the completed units.

Loan Strengths

  • Very experienced developer
  • Walking distance to Farnborough station and town centre
  • Development will be registered for “help to buy”
  • Low capital values
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