Finance for listed building allows facelift
We were approached by an inexperienced developer looking to move up a level in terms of complexity of development and loan requirements. The developer was looking to purchase a grade two listed property in Blackheath.
How did we help?
We arranged a loan at 70% of the purchase price and at 100% of the development costs. The property value at purchase was £1.1m and post renovation value was £1.5m.
We arranged the loan on an interest only basis on a 12 month term, with a 1% lender fee and interest rate of 1.1% per calendar month with no exit penalty.

