£18 million prestigious South Coast location
90% speculative development finance with a 12% profit share to the lending bank

The development is located in a prestigious location on the South Coast of England.
It consists of 110 one and two bedrooms units together with 5 duplex apartments and ground floor retail use.

The total project costs of the development including soft costs and rolled-up interest are £20 million with an estimated selling value of £24 million, showing a 20% profit on cost.

Lenders priority profit share at 12% of £4 million is £480,000 – this is expressed as 2% of Gross Development Value, thereby avoiding the need for the lender to audit the profit achieved.

back...