Project Location: Central London
Project GDV: Around £4,000,000
Mezzanine Funding Facility: £450,000
Funding Security: Second charge with an agreed Deed of Priority
Facility Period: 12 months
This mews house refurbishment was finished to the highest standards and also skilfully developed to create spacious accommodation with the addition of basement living rooms. The innovative concept has involved a substantial basement dig out and complete new mansard roof that has brought the total accommodation to some 1,944ft², increasing the living space by a third.
Our developer client has brought their wealth of experience to produce a quality development that features a SieMatic kitchen, cinema room, master bedroom suite with dressing room, marble bathroom and a private roof terrace with outside fireplace. Two further bedrooms, each with ensuites, and an integral garage, complete the living space.
The character of this Victorian mews house has been brought into 21st century living with the integration of Control4 lighting, surround sound, air-cooling and underfloor heating. The property has been released at £3,995,000 and Calmez have supported the project with mezzanine funding facility of £450,000 on a term of 12 months. The developer will achieve a return of around 150% on his cash equity.
CALMEZ offers developer loans and developer funding in the form of mezzanine funding to property developers and builders with proven track records and whom meet the lending requirements of both our prime lender as well as our own. For more information then please contact us here or by calling 0207 096 1900.