£8.7 million development finance for mixed-use project achieved during lockdown

Development projects are often met with an element of uncertainty, but it’s not often a virus pandemic forms a part of the equation. During the Coronavirus lockdown, many traditional lenders stepped back from the market, but as a specialist lender, we continued to power through and help keep projects moving. Owing to our experience, flexibility and confident team of experts we were able to help our client access an £8.7 million development finance facility to continue works on their mixed-use project.

Loan value
£8,700,000
LTV
61.5%
Development value
£2,070,000 current value
with end GDV of £14,165,000
Loan term
24 months (18-month build and6-month sales period)

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