Buntingford | Hertfordshire

Loan Type

Development Finance

Loan Amount

£6,426,480

Term Length

26 Months

Leverage Levels

74%

LTP

86%

LTC

68%

LTGDV

Purpose

The conversion of three substantial listed barns to create nine units consisting of 5x three-bed, 3x four-bed and 1x five-bed houses.

Exit

To sell the completed individual units on the open market.

Loan Strengths

  • Borrower has experience with this house type in the local market
  • Secluded but not isolated with access to open countryside and towns
  • Limited competition in an area of strong demand
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