The development, 'Raleigh House' is located on the site of the original headquarters of the bike company, Raleigh Bikes.
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The development, 'Raleigh House' is located on the site of the original headquarters of the bike company, Raleigh Bikes.
Shawbrook's support ensured that the developers were able to successfully complete the project despite covid-related supply chain issues.
The 12-month loan was underwritten at a 75% LTV.
The agreement follows the lender's announcement of a £250m bank funding line secured earlier this year.
The bridging and development lender has announced that it has closed a £16 million hybrid acquisition and refurbishment facility with a multi-national real estate asset...
United Trust Bank is providing £15m of funding towards the development of 32 luxury apartments in Newquay in Cornwall.
This is the second loan that Gresham House has agreed with Leumi, after previously agreeing a facility to support the 229-unit Ironworks BTR development in Sheffield.
The loan totalled £1,378,000 and enabled repayment of development funding on a completed residential project.
Aspen finalised a rapid £1,650,000 Development Exit bridge at 80% LTV when an experienced developer required a quick release of equity after a proposed sale fell through at the...
Recognise Bank has announced the approval of a £7,500,000 bridging loan which has been extended to support the costs associated with a new project following the signing of a long...
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