Surrey £7.9m

Refurbishment

Gross Loan

£7.9m

Loan Type

Refurbishment

Term

14 months

LTGDV/LTV

65.8%

Annual Rate

6.5%

Monthly Rate

0.542%

The multi-storey, office building has planning permission to undergo a conversion alongside the addition of a further floor to create more residential units. The project is being carried out by a borrower that has extensive experience in large scale developments. The Property is located in the centre of Camberley and is an 8-minute walk from Camberley train station which has an average journey time of 1-hour and 8 minutes into London Waterloo. Similarly, the site has good access onto the M3 Motorway via the A33 and A30; the areas of Basingstoke, Guildford, Farnham, Farnborough, Bracknell and Wokingham are all a circa 30-minute drive away.

“As ever, the deal was not without its challenges but Avamore was dynamic, responsive and extremely flexible in accommodating the needs of the borrower.”

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