Refurbishment and new build in fashionable Ramsgate

Careful loan structuring provided funding for the refurbishment of a beautiful grade II listed building and 13 new build houses and maisonettes from the ground up.

£4.8m,18-month senior loan was provided to experienced property developers seeking to take advantage of the surge in popularity of period coastal towns.

The development requires the total refurbishment and modernization of an existing grade II listed building, coupled with the sympathetic design and construction of 13 new townhouses and maisonettes from the ground up.

Gross Loan

£4.8M

Term

18 Months

LTV

69%

Units Created

Exit Method

Sales

"Getting to site early was the key to structuring a facility for the refurbishment of a beautiful grade II listed building and the construction of new build townhouses and maisonettes. This enabled us to get credit approval much quicker."

- Martin Gilsenan, Chief Originations Officer