Fordham £1.2m

Ground-Up

Gross Loan

£1.2m

Loan Type

Ground-Up

Term

12 months

LTGDV/LTV

57.2%

Annual Rate

10.8%

Monthly Rate

0.9%

The vacant plot of land has planning permission to be developed into 4 residential detached houses. Fordham is a semi-rural village in East Cambridgeshire with a good range of local services including a community hall, supermarkets and schools. The nearest major city is Cambridge which is a 30 minute drive drom the Property. There is also a local bus service that provides connections to Ely, Newmarket and Cambridge. The closest railway station is Ely which provides a direct service into London’s Kings Cross and London Stansted Airport. Ely which is 9 miles away from the Property and approximately a 14 minute drive and a 27 minute bus journey. Trains from Ely provide a direct service into London Kings Cross in 75 minutes and a direct service to Stanstead Airport in 47
minutes.

“Avamore took a commercial approach to the deal and was incredibly responsive, transparent, and quick. The levels of service, rate, and responsiveness from key decision-makers within Avamore gave the client the confidence they needed to move forward with the deal “

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