4x semi-detached units, ranging from 1075 – 1730 sqft, 3 / 4 bed each.
Additional land was provided on 1st charge to increase security.
Development
Barn conversion
Loan requirement
£775,000 towards build costs in stage payments
Loan term
12 months
GDV
£2,600,000 (4 units - £1,225,000 / Land - £1,375,000)
Loan to value %
30%
Exit
Refinance to BTL
4x semi-detached units, ranging from 1075 – 1730 sqft, 3 / 4 bed each.
Additional land was provided on 1st charge to increase security.
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