CA provided a total loan facility of £605,000 including interest provision for a period of 12 months to assist with the refinance and development of a site in Southall.
Planning permission had been granted for the demolition of an existing bungalow and outbuilding and the construction of a pair of two-storied 3 bedroom semi-detached houses with parking provision for 2 off street parking spaces. Total GIA 1,400 sq ft.
Our client, an NHBC registered builder/developer, completed the works himself at a cost of £288,000 utilising the development facility provided by CA.
