Brentwood – £2.5m

Brentwood - £2.5m

Gross Loan

£2.5m

Loan Type

Development

Term

21 Months

LTGDV/LTV

66.2%

Annual Rate

7%

Monthly Rate

0.58%

We recently completed a £2.5 million ground-up development loan for a site in Brentwood. The site has received planning approval for the construction of eight apartments (seven 2-bedroom units and one 1-bedroom unit), which the borrower intends to sell.

Additionally, there will be three commercial units that the borrower plans to retain. The developer is experienced and has successfully completed several previous projects, and we look forward to supporting them on this journey.

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