This development is a further example of how AEF’s flexible approach to lending can assist our clients in achieving positive outcomes. This scheme started with the development of a three storey scheme of six flats with surface car parking. Utilising the security in the completed first scheme, this led to a second phase of apartments utilising the same construction design and a waterfront restaurant built to shell.

 

Lending:

Development 1

£1,170,000 GDV

£570,000 Loan

LTV 49%

 

Development 2

£1,170,000 GDV

£420,000 Loan

LTV 36%

 

Restaurant

£375,000 GDV

£225,000 Loan

LTV 60%

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New Build – Apartments and Restaurant, Menai Bridge

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Tel: 01759 458047

Email: info@aef.co.uk

Address:

Regent House | 11 Regent Street | Pocklington | York | YO42 2QN

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