Birmingham £1.7m

Finish & Exit

Gross Loan

£1,794,298

Loan Type

Finish & Exit

Term

12 Months

LTGDV/LTV

56.9%

Annual Rate

9%

Monthly Rate

0.75%

The part-complete development scheme has planning permission for the construction of a 4-storey development. The completed site will include 10 residential units and an office building.

The property is centrally located and just a 20-minute walk to the Bullring, the city’s main shopping centre and Birmingham Grand Central Train Station.

There is a distinct lack of houses in Birmingham city centre. The completed units will therefore appeal to a range of buyers. This will include young professionals and families working in the local area.

Part-complete development funding was issued when the project was not yet wind & watertight.

“Avamore was superb in structuring a part-built development to exit facility [Finish & Exit]. The process from start to finish was quick and precise. There was always great communication between us, and the transaction analyst and we were always provided with great feedback and genuine next steps. Good common-sense approach to lending and overall a very positive experience.”

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