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
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About this article
You’re currently reading “High End Residential Development Chigwell (1381),” an entry on finance.redchilli.com
- Published:
- Thursday, November 20th, 2008 at 8:39 pm
- Author:
- rcadmin
- Category:
- Senior Debt Requirements
- Tags:
- developer, Development Finance, GDV, mezzanine, pre-sales, senior debt, UK
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