Structured at 70% LTV over a 25-month term, the facility refinances existing debt and funds the ground-up delivery of the scheme.
The development comprises two penthouses and 11 two-and-three-bedroom apartments, with associated parking and landscaping.
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Luke Eadie, lending manager at Atelier, commented: “We’re pleased to be supporting a new borrower, an experienced local developer, on this scheme in a highly sought-after Poole location.
“The project is well aligned with local demand, and we were able to structure a facility that supports both the refinance and delivery of the development.”
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