Southall | London

Loan Type

Development Finance

Loan Amount

£26,850,060

Term Length

24 Months

Leverage Levels

93%

LTP

82%

LTC

52%

LTGDV

Purpose

To finance the internal demolition of an existing hotel into a 295-bed co-living scheme with substantial communal amenities.

Exit

The Borrower will retain the asset and refinance onto an investment facility.

Loan Strengths

  • Substantial amenity provision including large lounges, dining, extensive bar, spa, recording studio and gym facilities
  • Southall is a popular commuter location with good proximity to Heathrow Airport and the new Elizabeth Line
  • All units will be built to a high-spec
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