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Construction of 3 new 4 bed houses, Herts
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Loan of £1.5m
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Day 1 Loan to p/p 73%
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LTC 83%
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LTGDV 67%
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Term 18 months
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Construction of Three 4 and 5 bed houses/ barn conversion style, Essex.
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Loan of £1m
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55% LTC
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40% LTGDV
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Term 12 months
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New build development of Four 3 bed houses in a market town in Suffolk.
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Loan of £0.6m
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74% LTC
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60% LTGDV
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Construction of two 4 bed houses, Essex
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Loan of £0.5m
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LTC 77%
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LTGDV 66%.
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12 month term.
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4 bed new build house in Essex
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Loan of £0.5m
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75% LTC
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62% LTGDV
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12m term
With the kind permission of Park Hill Homes (UK) Ltd. and Padco Developments Ltd.
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Bridging Loan provided against purchase of tired C Coach House in South coast location (no previous history of planning consent)
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Business plan was achieved, namely detailed planning consent to demolish the existing dwelling and replace with a new 2,000 sq ft house, plus a new similar sized house in the garden
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The loan against site value was 70% (including interest roll up for 12 months)
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The site has been sold for a premium of 81% to the original purchase price
With the kind permission of County Gates Developments Ltd.
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Construction and part intensive refurbishment of 2 x 4 bed Barns, in conservation area, in Essex.
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Loan of £725k
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Loan to Cost of 75%
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Loan to GDV 62%
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Term 15 months.
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Currently under construction.