NEW BUILD 52 FLAT DEVELOPMENT

New build of 52 flats

Location: Luton

Development: 52 Flats

Loan Amount: £3.9m

Loan to Value (LTV): 80% of ALL costs

Gross Development Value (GDV): £6.5m

Brief Summary: 52 new build flat development for an established developer in Luton. Client had several sites in construction and therefore a lot of their cash was tied up elsewhere. They required a very high loan to value to cost (LTV) which we secured, along with competitive rates