4 x 2 bed & 4 x 1 bed Apartments , 600-800 sqft each.
Development Came in under budget and only drew down £958,000 ( £358,000 mortgage + £600,000 build cost)
Development
Demo existing bungalow, build 8
Loan required
£1,028,000
Loan term
12 months
GDV
£2,000,000
Loan to value %
48% (based on amount drawn down)
Exit
Refinance / BTL
4 x 2 bed & 4 x 1 bed Apartments , 600-800 sqft each.
Development Came in under budget and only drew down £958,000 ( £358,000 mortgage + £600,000 build cost)
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