Christopher Adamou

Lendhub completes £1.5m loan for ground-up development in Epsom

Lendhub has completed a £1.5m loan which will enable the refinance and development of a property in Epsom, Surrey.

The property is a detached house that will be demolished to allow for the ground-up development of six flats — the borrower’s largest project to date.

The 18-month finance agreement was in motion prior to lockdown and was said to have completed smoothly, despite the challenges that were presented.

The one-, two- and three-bedroom flats will be located just over half a mile from Epsom train station, with direct links into London.

Christopher Adamou, managing director at Lendhub (pictured above), commented: We are incredibly proud to have completed this case, not only in good timeframes, but also honouring all original terms that were set out before lockdown.

“While restrictions have not made things easy, the team worked tirelessly to overcome obstacles and provide guidance and expertise direct to our borrower and it feels like a great achievement to get this over the line within the required timescales.”

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