Development exit for Winchester site
Development exit for Winchester site
| Loan type | Development exit finance loan at 80% LTV |
| Loan size | £1,000,000 |
| Loan term | 9 month term |
| Property/asset | 2 new build residential units |
| Property location | Near Winchester |
| Borrower | Experienced local Property Developer |
| Loan purpose | Short term finance provided to extend the developer’s property sales period. One unit under offer at time of funding. Finance used to repay the borrower’s previous, more expensive, development loan. |
| Loan exit | Sale of both units |
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