A combined conversion and ground-up development in Exmouth
This development will transform a former college campus site and preserve a Grade II listed building to deliver 33 new homes.
We have provided an £11.9m facility to complete a new build development of 29 homes with a mix of houses and apartments on a former college campus site, while converting an existing Grade II listed building to provide a further 4 apartments.
Located approximately 11 miles south of Exeter, and a short walk away from Exmouth beach, this development will offer a good mix of 1 to 4 bed units, particularly sought after by a growing group of downsizer buyers
Gross Loan
£11.9m
Term
16 months
LTV
67%
Units Created
33
Exit Method
Sales
"Building and strengthening relationships with experienced borrowers is what we are all about – we were delighted to support an existing client to get this scheme to completion."
- Avi Miller, Senior Investment Manager
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