Land Bridge for 220 Apartments

Our client required a bridging loan to refinance a parcel of land away from another lender. The extra time would enable negotiations with the main contractor to be finalised and the last planning amendments to be dealt with. The client successfully got planning through for 220 apartments. We arranged a loan of £10.4m at 63% LTV

Location: Berkshire
Loan Amount: £10,400,000
LTV: 63%
Year: