Huntingdon – 695k

£695 - Part Complete Development

Gross Loan

£695k

Loan Type

Part Complete Development

Term

12 Months

LTGDV/LTV

62.2%

Annual Rate

7.5%

Monthly Rate

0.62%

We have successfully redeemed a £695k part-complete development loan. This major project in Huntingdon involved four part-completed units that were unencumbered and at different stages of development. The loan provided the developer with the necessary funds to complete their project.

We worked closely with the borrower throughout the loan period and played a key role in ensuring the timely redemption of the loan.

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