We recently completed a £1.4m development exit loan for a newly refurbished terrace house in North London. The experienced borrower had developed several houses in previous projects and had several other refurbishment projects currently running at the time of this transaction, including one that Avamore was assisting with.
The borrower purchased and refurbished the sought-after 3-bedroom property and needed to exit their development facility. The property was finished to a high standard and was under offer almost immediately after it went up for sale.