£11M Development Exit Loan completed on 123 units

Andy Stanbury, Director of Alburys Property Finance is delighted to announce the completion of three development exit loans totalling £11.1M.
Our long term highly successful Clients are specialists in new build and permitted development schemes, required a refinance and capital raise to fund further purchases and start development works on existing pre-owned sites.
The property portfolio, which included 16 completed new build units near Luton and 107 partially completed new build apartments in the Midlands, has a current value of £17M.
We have developed a fantastic relationship with our Lenders over the years. As a result, we can often get cases sanctioned that others can’t.

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