Hertfordshire

Loan Type

Development Finance

Loan Amount

£17,286,999

Term Length

25 Months

Leverage Levels

88%

LTP

89%

LTC

72%

LTGDV

Purpose

To finance the acquisition and redevelopment of a vacant industrial unit to construct 37 dwellings with associated access, parking, and amenity space.

Exit

Units to be sold on the open market.

Loan Strengths

St Albans is an attractive historic cathedral city and prime commuter town
The dwellings have been designed to fit into the existing area, with materials chosen to complement other local properties
Borrower has strong experience in residential developments in the Southeast of England