Newbury £13.1m

Finish & Exit

Gross Loan

£13.1m

Loan Type

Finish & Exit

Term

12 months

LTGDV/LTV

60%

Annual Rate

7.5%

Monthly Rate

0.625%

The 4 former office buildings are being converted into 108 residential apartments, comprised of 1- and 2-bedroom units, each with an accompanying parking space with some overlooking to River Kennet. The completed units will qualify for the government backed help to buy scheme.

“Working with Avamore was an absolute pleasure; the team were hands-on and well-versed about our needs from the beginning to the end of the transaction. Amit Majithia’s detailed experience alongside constant communication with the team meant we were able to get the deal completed efficiently and in a timely manner. I couldn’t recommend Avamore enough and I look forward to working with them again. “

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