Project Location: West London
Project GDV: £1.2 million
Mezzanine Funding Facility: £300,000
Funding Security: Second charge with an agreed Deed of Priority
Facility Period: 9 months
The project comprised a lower ground floor flat in a fashionable and sought after area of West London. Our client spotted the opportunity to improve the existing poor two bedroom layout of this property and create a stunning three bedroom garden apartment.
The location was excellent being tucked in a quiet location just off Notting Hill Gate. A total development time scale of 8 months was allowed and the property was duly sold within 4 weeks.
Our client was able to undertake this exciting project with equity of only around 25% thereby virtually doubling his return on capital.
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.