Amount funded: £455k
Property type: Commercial - with PD Consent
LTPP: 87%
LTV: 58%
Client structure: Development SPV
We provided a quick bridge loan facility to purchase a vacant shop with upper floors. The client had an option and had since obtained planning consent under Permitted Development. The client was let down on timescales by their development bank so we ensured he could secure the site with the uplift in value at the agreed original price.
Property type: Commercial - with PD Consent
LTPP: 87%
LTV: 58%
Client structure: Development SPV
We provided a quick bridge loan facility to purchase a vacant shop with upper floors. The client had an option and had since obtained planning consent under Permitted Development. The client was let down on timescales by their development bank so we ensured he could secure the site with the uplift in value at the agreed original price.
REGISTER FOR UPDATES
Get the latest insight, event invites and commercial properties by email