Harrow | London

Loan Type

Development Finance

Loan Amount

£35,875,585

Term Length

21 months

Leverage Levels

88%

LTP

89%

LTC

70%

LTGDV

Purpose

To assist with the purchase and conversion of the property into 215 residential units under permitted development rights.

Exit

The sale of the completed development to a single purchaser or individual sales.

Loan Strengths

  • Quick and easy access to central London and public transport
  • Existing client with several successful completions
  • Attractive unit sizes, capital values and rental yields
  • Building in very good condition with ample parking

Testimonials

“Zorin Finance offered us an attractive borrowing proposition as always. Their process is simple, flexible, transparent and their ability to move so swiftly makes them a real pleasure to work with. As a business, this is really important to us and gives us an edge in a competitive market place. We really could not ask for a better service.”
MARTIN T. , Sheen Lane Developments
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