The client, a first-time developer, is working with an experienced contractor to build six self-contained flats and three three-bed terraced dwellings.
The 67% LTGDV loan was agreed over an 18-month term, comprising a one-year build and six-month sale period.
- Hilltop launches real estate funding and management platform
- Assetz Capital completes its largest loan to date
- Assetz Capital hires new regional relationship director for the South East
The funds will cover the costs of the construction and sale of the development.
Andrew Fraser, chief commercial officer at Assetz Capital, said: "We are pleased to be supporting this exciting new residential development in Purley.
“Despite the current economic climate, we remain committed to providing funding for property developers across the UK."
Leave a comment