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CONSTRUCTION OF 12 FLATS
CASE STUDY
£650,000 Gross
0.99% PM + 1% exit
27% LTV | 54% LTGDV | 76% LTC
15 MONTHS
The brief
Our solution
Underwriter quote
With the block already at foundations and initial brickwork stage, we structured a £100,000 day one loan with £550,000 in further drawdowns to ensure that the borrower had a steady cash flow to complete their project.
The client required a competitively priced loan to facilitate their build of a block of flats in Stoke on Trent.
"Excellent communication from both the broker and client, coupled with the prime location of the project, made this a straightforward completion that promises to deliver a profitable BTL business for our borrower."
£650k
Gross
0.99% PM
+ 1% exit
27% LTV | 54% LTGDV |
76% LTC
15 MONTHS
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