Hounslow £2.3m

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Gross Loan

£2,392,926

Loan Type

Finish & Exit

Term

12 Months

LTGDV/LTV

65.0%

Annual Rate

9%

Monthly Rate

0.75%

Works had begun on this part-built development to construct 2x 1-bed, 5x 2-bed and 2×3-bed flats in addition to a D1 commercial unit.

The property is located in West London and is conveniently nearby to a Tube station which offers services into Central London.

The M4 is a short drive, with Heathrow airport being just 10 minutes away as well providing access to the West of England.

All flats benefit from parking and three also include garden space.

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

“….what a fantastic experience. This deal was highly challenging due to; (a) very impatient existing funder, Option deal with the local church for a Right of Way Agreement, Change of Contractor due to performance issues with prior and Increased build costs and other moving £ metrics. Huge credit to Avamore for their amazing commercialism. “

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