Rochester | Kent

Loan Type

Development Finance

Loan Amount

£10,695,937

Term Length

26 Months

Leverage Levels

5

LTP

81%

LTC

66%

LTGDV

Purpose

To finance the acquisition and development of the Rochester site to create 64 flats and 4,444 sq. ft. of commercial space on the ground floor.

Exit

To sell the units on the open market.

Loan Strengths

  • Well-located asset in close proximity to arterial transport links and local amenities
  • Delivery of HS1 will provide access to London St Pancras within 40 minutes
  • Developers have a successful track record in London and the South-East
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