£11M Development Exit Loan completed on 123 units
Andrew Stanbury, Director of Alburys 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.
If you need any assistance with your requirements, please feel free to get in touch.