Development of six new apartments in North London
21-month facility for the construction of apartments in North London with parking and gardens.
We have provided funding for six new apartments in a popular area of North London. The properties are expected to be in high demand given a lack of new build competition in the area and the benefit of good transport links, with the North Circular being just 0.2 miles north and direct buses into the City. The freehold site also has easy access to the amenities of Muswell Hill and the historic Alexandra Palace.
Gross Loan
£2.1m
Term
21 months
LTV
60%
Units Created
6
Exit Method
Sales
"It’s great to be working with a developer with over 20 years’ experience in the industry. The team has a sound understanding of delivering projects of this nature having completed a scheme of six units on another site and we’re looking forward to watching this site come to fruition."
- Avi Miller, Senior Investment Manager
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