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Residential Loan
Funds needed quickly for a residential development in Weymouth
Location - Weymouth
Property Value - £750,000
Loan Amount - £532,000
Loan Type - Residential
LTGDV - 72%
Lending need:

An experienced residential developer required finance against 2 flats in a block of residential flats to enable the borrower to swiftly exit/repay outstanding finance on a separate development and to provide working capital for other projects.

Result:

The property is a stylish and brand new development comprising 6 x 3-bed apartments and 2 x 3-bed maisonettes. The maisonettes are situated in separate blocks and built to a high specification including luxury fitted kitchens, contemporary bathrooms and oak veneer doors throughout. The development is situated in a sought after residential area of Weymouth.

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