PD and ground-up development funding, Nottingham

We provided a development finance facility to convert an old office building into 6 self contained apartments under PD, with a further 7 new build, ground up apartments on the rear car park of the property. We ensured there was enough Day 1 loan amount to refinance the existing bridge lender used to secure the purchase and 100% of development costs.

Property LocationNottingham
Amount Funded£2,213,000
Property TypeResidential
LTGDV65%
Client StructureDevelopment Company