Project Location: West London
Project GDV: £2.5 million
Mezzanine Funding Facility: £250,000
Funding Security: Second charge with an agreed Deed of Priority
Facility Period: 12 months
With this project our experienced developer client added a new floor of accommodation by acquiring the ‘air space’ above the original flat to create a superb maisonette of around 1800sqft. To support this project Calmez provided a mezzanine facility of £250,000 on a fixed term of 9 months with an agreed deed of priority with the senior lender.
The result was a very high quality of finish and an exceptional home for a lucky buyer looking to live in this sought after location in West London and a return on investment for the developer of around 140%.
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.