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