We provided a loan facility to assist with the purchase and subsequent development of a property in Hampton. The property was purchased for a consideration of £1,350,000 and comprised a purpose built office building with a Prior Approval under Permitted Development Rights to convert it into 6 self contained flats.
The borrower had a build budget of £400,000 which was funded in full by CA. Our total loan facility of £1,265,000 represented 55% of the Gross Development Value of £2,300,000.
Greater London Property developerGreater LondonFrom the first call with CA, they understood our needs and asked all the right questions. Without their financing help, the project would have taken much longer to get moving, let alone complete.