London £2.2m

Ground-Up

Gross Loan

£2.2m

Loan Type

Ground-Up

Term

15 months

LTGDV/LTV

64.9%

Annual Rate

10.8%

Monthly Rate

0.8%

0.29 acre site with disused garages has been particully demolished and has planning consent for the construction of 4 residential in a primarily residential area. The Property is situated in a very central location with access to Blackheath, Lewisham and Greenwich town centres.The proposed scheme will be situated within a gated development and each house will have its own off street parking place and garden/courtyard.

“We recently completed another transaction with Avamore Capital for our borrower client. As always, it’s a pleasure to work with Nikolay Petkov who always goes all in for Articulate Capital to get the job done. Nikolay has many fine qualities, including those of leadership, and always knows what qualities to call on in any given situation. We have now completed many transactions with Avamore Capital and look forward to executing many more in the future with the firm”

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