Specialists in Property Finance
Our experienced clients were purchasing a grade II listed building with full planning to convert to 7 x self-contained flats (via a company share purchase)
Security; Three storey mid-terrace Grade II listed building
Purchase price £1m
Day 1 loan; £706,068
Refurb element; £493,700
Total Gross facility; £1,316,000
Day 1 OMV; £944,151 75% LTV
GDV; £1.880m
LTGDV; 70%
Term; 12mths
Exit; sale
Our experienced clients were purchasing a grade II listed building with full planning to convert to 7 x self-contained flats (via a company share purchase)
Security; Three storey mid-terrace Grade II listed building
Purchase price £1m
Day 1 loan; £706,068
Refurb element; £493,700
Total Gross facility; £1,316,000
Day 1 OMV; £944,151 75% LTV
GDV; £1.880m
LTGDV; 70%
Term; 12mths
Exit; sale
Our client was looking to purchase a site in a limited company name to Demolish the existing house and develop a three storey detached double fronted block of 9 flats (5 x 1 bed and 4 x 2 bed)
Purchase Price; £1,000,000
Development loan; £1,027,000
Total facility including interest £1,779,750
Gross loan day 1 £640,872
Term; 18mth term
GDV; £2,825,000
LTGDV 63%
Exit; sale
Our client was looking to purchase a site in a limited company name to Demolish the existing house and develop a three storey detached double fronted block of 9 flats (5 x 1 bed and 4 x 2 bed)
Purchase Price; £1,000,000
Development loan; £1,027,000
Total facility including interest £1,779,750
Gross loan day 1 £640,872
Term; 18mth term
GDV; £2,825,000
LTGDV 63%
Exit; sale