Contemporary living

Published on
9/8/2024
Location
Brighton
Facility
£1.9m
LTV
79%
LTGDV
67%
Term
15 months

Contemporary living

A direct borrower sought support from Lendhub for a property investment project in Brighton.

Our Development Facility covered both the purchase and development costs, which involved demolishing an existing house and outbuildings to construct four two-story, 4-bedroom houses with private gardens and off-street parking.

The borrower intends to sell the individual units on the open market as their exit strategy.

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This facility enabled a repeat client to acquire the terraced property and convert the upper floors into 15 self-contained, 1-, 2, and 3-bedroom flats.

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