Client owns land with full planning and looking for a partner to fund the build
- Location: East Midlands
- Amount Required: £350,000
- LTV for entire deal: 39%
- Sector: Development
LTV represents Loan To Value, where Value is an up to date valuation of the property involved and Loan is the total amount to be lent to the borrower, including the Investor's loan.
Client has owned a plot of land for a period of time and has been able to secure full detailed planning permission for 4 x 4 bed townhouses.
Currently land is worth c£250k with nominal £40k mortgage. Build costs are anticipated at £300k. Completed end value of £900k
Client is looking for repayment of existing charge and the build costs and is willing to offer a first charge and is willing to consider an interest charge or a profit share.
Property details and planning docs are available to interested parties.
