Asset Type | Vacant commercial building with PD rights for office-to-resi conversion |
Purpose | Acquisition finance |
Loan Amount | £2,860,000 (65% LTV) |
Freehold Value | £4,400,000 |
Loan Term | 12 months |
Security Type | 1st Charge |
Interest Rate | 12% p.a. (serviced monthly) |
Exit | Development finance |