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.