Project Description

Project Location:   South East London
Project GDV: £1.4 Million
Mezzanine Loan Facility:   £260,000
Funding Security: Second charge with an agreed Deed of Priority
Facility Period:   12 months

Project Summary

The estate agents managing the marketing referred to this apartment as a stunning conversion in an iconic Manhattan Loft style development. Our experienced developer clients took this top floor duplex apartment and completely redeveloped the accommodation space of over 1,100sq ft.  In all this created a reception room with private roof terrace enjoying outstanding views towards The City (including some river views), a stylish open plan kitchen, two bedrooms, two bathrooms, study area and utility room.  Calmez provided mezzanine funding of £260,000 on a fixed term of 12 months.

The specification was, of course, very high and features included Wireless Sonos sound system throughout the apartment, Kreon architectural light system, ‘Infiniti’ TV System in Master Bathroom and much more.

The developer has had an excellent level of interest in this stunning apartment and have quickly sold the property to a cash buyer for in excess of £1.4m.

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.

 

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