Development exit for Winchester site
Sep 18, 2022Case Studies
| 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 |
