Sutton | London

Loan Type

Development Finance

Loan Amount

£40,538,645

Term Length

27 months

Leverage Levels

90%

LTP

94%

LTC

75%

LTGDV

Purpose

To finance the acquisition and conversion of the existing building into 149 residential apartments, including the erection of a three-storey vertical extension plus one flexible ground floor commercial unit.

Exit

To lease-up the commercial space and sell the housing units both privately and on the open market.

Loan Strengths

  • A trusted, experienced developer who has a strong working relationship with Zorin
  • Scheme helps to increase the limited supply of limited new builds
  • Sought after, park side location close to the Sutton Town Centre and 30 minutes journey time to London Victoria
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