The 24-month, 65% LTGDV senior debt facility will be used to acquire the 0.59-acre site and develop 14 apartments for sale on the open market in Keysfield Road near Paignton Harbour.
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David Alcock MRICS, MD at Blend, commented: “We are delighted to have completed this deal — from the point of our first site meeting, it was clear that the developer, with a longstanding track record in the area, knew their target market and that they had the contracts in place to deliver what should be a truly stunning development.
Dominic Williams, regional director at ASC Finance for business, commented: “This was my first case with Blend but after discussing the proposition in some depth with David I introduced Blend to my client and the service they received could not have been better.”
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