Completion on a £2M Development Loan in Peckham Rye

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of a £2M Development Loan in trendy Peckham Rye. 
 
Our Developer Client purchased the former bank without planning consent. After 6 months of dedicated planning work, the Client achieved the planning consent he sought which was to convert the building into 6 luxury flats and a beautiful penthouse.

We arranged a 55% LTGDV, 18-month term facility at 6.5% per annum, allowing for a 12-month conversion phase and 6-month sales period.

The exit route to be - sales.

Andy commented “Working with Ben is always a pleasure, he did exceptionally well working up the planning. What made his loan more challenging was sourcing a lender that was happy with the presence of an offshore investor as a 2nd charge.”

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998

Completed -£11M Development Exit Loan completed on 123 units

Andy Stanbury, Director of Alburys Financials is delighted to announce the completion of three development exit loans totalling £11.1M.
 
Our long term highly successful Clients are specialists in new build and permitted development schemes, required a refinance and capital raise to fund further purchases and start development works on existing pre-owned sites.
 
The property portfolio, which included 16 completed new build units near Luton and 107 partially completed new-build apartments in the Midlands, has a current value of £17M.
 
We have developed a fantastic relationship with our Lenders over the years. As a result, we can often get cases sanctioned that others can’t.

These are details of a previous deal we have helped our Client with. Any rates or terms expressed in this case study were specific to those clients’ circumstances and may not be available now. Therefore, any terms or rates offered to you may differ and will be subject to status.

If you have any questions or wish to discuss any funding requirements, please don't hesitate to contact us. We'd love to hear from you.

CALL US ON +44 (0)20 3934 9998