- We had been approached by an experienced developer to assist in the purchase of land with planning to develop a 2500 square foot house with a value of £1,250,000 on completion.
- The client wanted to 60% loan to gross development value.
The Good Stuff:
- Margin 5.5%.
- 2% fee in 1% fee out.
- 60% loan to gross development value.
- Term 18 months. Land loan with 100% of works funded in arrears.
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