High End Residential Development Chigwell (1381)

Developer owns a site with detailed planning for 11 high spec apartments and is seeking development funding. Very strong economics, pre-sale potential funding required to 58% LTV.

Key Points

  • GDV £12M+
  • Total costs £9M
  • Developer equity £2M
  • Funding required to 58% LTV (£7M)
  • Unique site, very strong sales potential

Requirement

£7M senior debt + possible mezzanine

Contact Details

Please contact James Thomlinson or Bernard Frazer on 0845 210 5000 to discuss further or by email at james@redchilli.com or bernard@redchilli.com

Related