Residential



Development of 21 new homes in London
24 month development facility to fund the demolition of existing buildings and the construction of 18 apartments and 3 houses. Our facility also includes a £550k trance to fund the VAT applicable on the purchase of the site.
We have provided an £8.7m development facility to fund the construction of 21 residential units—comprising 18 apartments and 3 houses in Hither Green, London. This follows the provision of a £550k VAT tranche to support the purchase.
The new homes will be delivered in a well-connected residential area with strong transport links - within walking distance of Hither Green and Lewisham stations; good schooling options, and close proximity to local amenities.
The development includes a communal garden with orchard and greenhouse, and will be delivered car-free, with two parking spaces reserved for Blue Badge holders.
Gross Loan
£8.7m
Term
24 months
LTV
67%
Units Created
21
Exit Method
Sales
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