Finspace Group

Airspace Project for 12 Duplex Flats

This enquiry came from a seasoned developer with an offshore entity who had planning permission for an Airspace development. The project consisted of adding two storeys to a former local authority housing block. They added 12 duplex flats to the original building and refurbished the communal areas. This was a modular build that only lasted for 6 months duration. We managed to obtain a £3.1m loan at LTGDV 65% with an interest rate of 6.75% per annum.

Location : London
Loan Amount : £3,100,000
LTV : 65%
Year: 2021


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